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.
A three-day international investment conference has started in Saudi Arabia to help the nation overcome its dependence on oil revenues. The meeting got off to a bumpy start amid a major Saudi image crisis.
The many empty seats at a high-profile investment conference in Riyadh appeared to suggest the murder of journalist Jamal Khashoggi might hit Saudi Arabia where it hurts most. But €40 billion will soften most scruples.
Company leaders are backing away from the Saudi-organized business conference after the mysterious disappearance of a prominent Saudi government critic. Virgin group even halted talks for a $1 billion investment.
Diplomats are seeking to resolve a conflict that has led German drugmakers to miss out on orders from Saudi Arabia. Along with Canada, Germany is struggling to react to Riyadh's new-found foreign policy assertiveness.
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