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Saudi Arabia’s New Pitch to Wall Street: Less Neom, More AI

Summary by Bloomberg
In 2017, Crown Prince Mohammed bin Salman sat alongside Steve Schwarzman and Masayoshi Son at the first iteration of Saudi Arabia’s annual financial summit to unveil a next-century city called Neom. The two billionaire investors were quick to heap praise on the $500 billion plan that envisioned a metropolis with more robots than humans and enough solar panels to fill out the Great Wall of China.

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Bloomberg broke the news in United States on Thursday, October 23, 2025.
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