The kingdom has said it's planned NEOM area will be the biggest building site on Earth. It's meant to become a global center for trade and investment and reduce Saudi Arabia's dependence on revenues from oil.
Saudi Arabia has announced it's aiming to build a mega international business zone, which will have its own tax and labor laws. It's yet another attempt to reduce the kingdom's dependence on oil exports.
Saudi Arabia and the United Arab Emirates, once seen as the Gulf's leading tax havens, have imposed a 5 percent value-added tax on goods and services. Riyadh has also sought to balance its budget by upping fuel prices.
Saudi Arabia claims to be the first country to have granted citizenship to a robot. But the decision has garnered mockery from social media users as the robot may have more rights than human women in the kingdom.
Former Siemens chief Klaus Kleinfeld is back with a bang. Just half a year after his involuntary departure from US company Arconic he's now in charge of one the world's most spectacular infrastructure projects.
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