President Abdel Fatah al-Sisi during his meeting with King Salman bin Abdulaziz of Saudi Arabia on Tuesday in the futuristic city of NEOM – Press Photo
CAIRO – 14 August 2018: President Abdel Fatah al-Sisi, King Salman bin Abdulaziz and Crown Prince Mohammed bin Salman of Saudi Arabia met Tuesday in the futuristic city of NEOM.
The Saudi allies organized a large banquet, with many princes and ministers attending. Head of the Egyptian general intelligence, Abbas Kamel, was also present. The leaders discussed partnerships and means of cooperation.
Crown Prince Mohammed bin Salman announced plans for the 26,500 square km (10,230 square mile) futuristic high-tech hub last year as part of reforms aimed at creating jobs, encouraging foreign investment and permitting new freedoms for Saudis steeped in religious puritanism and state dependency.
The authorities have announced few details since then and while some companies, including Japan's Softbank, have said they are prepared to invest in NEOM, major, concrete business ventures have not yet been announced.
NEOM, however, is expected to be a $500 billion business and industrial zone in which both Egypt and Jordan are to be partners in land, at least. It is also planned to be a massive entertainment project and a high tech town.
President Abdel Fatah al-Sisi, King Salman bin Abdulaziz and Crown Prince Mohammed bin Salman of Saudi Arabia during their meeting on Tuesday in the futuristic city of NEOM – Press Photo
President Abdel Fatah al-Sisi, King Salman bin Abdulaziz and Crown Prince Mohammed bin Salman of Saudi Arabia during their meeting on Tuesday in the futuristic city of NEOM – Press Photo
President Abdel Fatah al-Sisi, King Salman bin Abdulaziz and Crown Prince Mohammed bin Salman of Saudi Arabia during their meeting on Tuesday in the futuristic city of NEOM – Press Photo
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