Saudi Arabia Denies Halting Multi-Billion Dollar Solar Project With Softbank

Saudi Arabia’s Public Investment Fund (PIF) has denied this week’s Wall Street Journal (WSJ) reports that the Kingdom had halted plans for a $200bn solar project with Softbank Vision Fund.

PIF instead said that it was working with Softbank and other entities on a number of large-scale multi-billion solar energy projects.

In a statement, PIF refuted the WSJ report as inaccurate and said that it would announce the solar projects in due course.

 

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