Wednesday, 12 December 2018

Saudi prince’s flagship plan beset by doubts after Khashoggi death | Financial Times

Saudi prince’s flagship plan beset by doubts after Khashoggi death | Financial Times:

When a business delegation met Crown Prince Mohammed bin Salman recently, they were surprised to hear a candid admission about Neom, his $500bn mega plan to turn virgin Saudi shoreline into a futuristic business hub.

“No one will invest [in the project] for years,” the de facto Saudi ruler said, according to a colleague of those in the meeting.

His comments were a recognition that the crisis triggered by the killing of Jamal Khashoggi threatens to undermine his bold plans to modernise the conservative kingdom with the backing of foreign capital and expertise.

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