Saudi Arabia denies it shelved SoftBank solar project – state news


CAIRO (Reuters) – An official at Saudi Arabia’s Public Investment Fund (PIF) said on Monday that a Wall Street Journal report that it had shelved a $200 billion plan with SoftBank Group Corp <9984.T> to build the world’s biggest solar-power-generation project was “incorrect.”

PIF “continues to work with the SoftBank Vision Fund and other institutions on a number of large-scale, multi-billion-dollar solar projects which will be announced at the appropriate time,” said a statement cited by state news agency SPA.

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