BREAKING NEWS

BREAKING NEWS

Virgin's Branson says he accepts Saudi city board role

Now Reading:

Virgin's Branson says he accepts Saudi city board role

Text size Aa Aa

RIYADH (Reuters) – Virgin Group’s Richard Branson said on Thursday he has accepted a board position on large development projects in Saudi Arabia. “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 told an investment conference in the capital Riyadh. Saudi Arabia announced on Tuesday a $500 billion cross-border city development project on the Red Sea. The kingdom also plans tourism developments on a number of Red Seea islands.

(Reporting by Katie Paul, writing by Alexander Cornwell)
euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.