Saudi Arabian companies have announced major investments with Chinese and Korean firms at Taif Investment Forum.
Saudi Arabia will develop a $5bn Mars-themed city, a rose-growing industry and five five-star tourist resorts in Taif. Businesses in the Kingdom announced the signing of $2.9bn of contracts with Chinese and Korean firms at the Taif Investment Forum.
The contracts stipulate, among others, the establishment of the first phase of the space science fiction city Mars War, at a value of $1.3bn, which could exceed $5.3bn in the final stage of this tourist project.
Also included is the establishment of an emergency information centre, together with China Mobile company, at a value of $533M, to support the company’s planned centre in Jeddah, as well as a project to build five five-star tourist resorts, and other municipal projects worth over $267M.
