Saudi Arabia, SoftBank ink deal on USD 200 billion solar project

Softbank has signed a deal with Saudi Arabia concerning a major solar power project in the country. "It's a huge step in human history," said Saudi Arabia's Prince Mohammed.
Photo: Hasan Jamali/AP/Polfoto/Arkiv
Photo: Hasan Jamali/AP/Polfoto/Arkiv
by Vivian Nereim and Stephen Cunningham, bloomberg

Saudi Arabia has signed a memorandum of understanding with SoftBank Group Corp. for a USD 200 billion solar power project in the kingdom, calling it the single largest of its kind in the world.

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