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HRH Crown Prince: The Kingdom is Moving in The Right Direction and There Is A Big Deal Will Be Announced After 2 Weeks 17 Riyadh

Bloomberg: On Masayoshi Son...

MBS: I believe we will have two huge announcements: one will happen in the next months -- I am not sure about the date -- and we have the finalized structure of the solar investment in Saudi Arabia. So we will have it somewhere around mid-2019.The whole agreement and the structure for the next 10 years. We will have 2GW, starting construction in Saudi Arabia in 2019, and in 2020-2021, we will have 4GW. But the other 196GW, the announcement of the timeline will be in 2019, but today we have almost 4GW from 2019 to 2021 already planned and approved.

Bloomberg: We didn't get to ask about Neom?

MBS: His majesty spent his vacation this year in Neom, it is a signal that the king, for the first time in 40 years or more, is spending his vacation in his country Saudi Arabia. Under Neom, I believe there are more than 12 small cities or towns next to the sea and other six or seven, some of it in the valley, some in the mountains, towns, and one huge industrial zone, one huge port, three airports, one global big airport. So there are a lot of huge different projects in Neom. Neom is like a small country in a big country. So the first town in an area we call the Neom Riviera will be there in 2020. Most employees will move there. I am pushing to have it in 2019, I don't know if I will succeed in that. After that, we will have from two to three new towns in Neom every year. Neom city will be completed in 2025. There are interesting partners in the Middle East and globally. Interesting names. I believe we will hear a lot of good stories, one of them we will hear about in February 2019. A new investor will create something new there. We are working on the final details. We are getting his final approval.

Source: Saudi Press Agency

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