Virgin Group’s Richard Branson has accepted a board position on large development projects in Saudi Arabia, according to media reports.
“I will invest. I’ve been asked to be … on the board of one or two of your city projects – your Red Sea Project – and am delighted to accept,” he is said to have told an investment conference in the capital Riyadh.
Saudi Arabia announced a $500 billion cross-border city development project on the Red Sea on Tuesday.
Read more about that here.
The kingdom also plans tourism developments on a number of Red Sea islands.
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