Riyadh - Mubasher: Saudi Arabia has reportedly awarded the first contracts for the infrastructure of “Neom” on the shores of the Red Sea, with a total value of SAR 15 billion.

The Saudi government awarded contracts to build infrastructure and palaces in the futuristic city.

The Crown Prince of Saudi Arabia, Mohammad bin Salman announced last year that the project will be carried out with investments of up to $1 trillion.