Tag: neom

MBS Seeks $2.7 Billion Loan to Build his Megacity Project

Saudi Arabia’s Neom, the company developing Crown Prince Mohammed bin Salman’s (MBS) flagship mega project, is looking to raise a 10 billion riyal ($2.7 billion) loan, according to people familiar with the matter. Neom, a unit of the kingdom’s...

MBS Orders Demolition of More Homes in Jeddah

Saudi Crown Prince Mohammed bin Salman (MBS) has recently ordered the demolition of the entire city of Jeddah including hospitals, schools, and mosques, as soon as possible as part of his modernisation plan, well-informed sources revealed. So far...

German Government at Odds over Arms Deal to Saudi Arabia

Saudi Crown Prince Mohammed bin Salman's (MBS) involvement in the Yemen war is still negatively impacting the Kingdom's reputation. Military sources revealed that Germany's coalition government is at odds over whether to bow to British pressure and...

MBS Spends $500 Million on Esports City

Saudi Crown Prince Mohamed bin Salman (MBS) is upping his investment in the gaming industry, this time by building a city dedicated to esports. Well-informed sources announced the project, a $500 million city-within-a-city in Riyadh, which is...