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FinancialNews
30-01-19
Saudi NEOM to set up joint-stock firm
(MENAFN) Saudi NEOM city is launching a project to construct a closed joint-stock company after being granted needed authorizations.
The Public Investment Fund and the sovereign wealth fund of Saudi Arabia will have ownership of "NEOM".
According to Saudi Press Agency, the new company will be working on a new area in the Kingdom's northwest, providing necessary components for an appropriate work and living environment.
The firm was also confirmed to be developing cities featuring wide infrastructure, such as airports network, advanced seaport and industrial areas among others.
MENAFN3001201900450000ID1098044030
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