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Saudi king holidays in unbuilt mega city

RIYADH: Saudi King Salman has arrived for a holiday in NEOM, a still-undeveloped mega city that the crown prince has pledged to build from scratch in the kingdom's remote northwest, state media said Monday. NEOM appears an unusual holiday destination for the 82-year-old monarch, who is known to spend his annual summer vacation in exotic palaces in locations such as Morocco. The king "has arrived in NEOM, where he will spend some time in rest and recreation", the official Saudi Press Agency said in a brief statement.…

Saudi Arabia launches mega-zone on Red Sea

RIYADH: Saudi Arabia on Tuesday announced the launch of an independent economic zone on the Red Sea, three times the size of Cyprus and with a half a trillion dollars in projected investments. The zone, dubbed NEOM, covers an uninterrupted coastline of nearly 470 kilometres (290 miles) in northwestern Saudi Arabia and will extend into territories in neighbouring Jordan and Egypt, a statement released by the kingdom's Public Investment Fund said. Authorities in Jordan and Egypt did not immediately comment on the…