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| Plans for King Abdullah Economic City are ambitious; will the be successful? |
SAUDI ARABIA’S STOCK market has been extremely volatile this year, with share prices at one stage falling by 54% in only 53 trading days, but this did not deter record numbers of private investors from pouring money into the IPO of Emaar the Economic City (EEC) last month. More than 10 million Saudis – about half the kingdom’s citizens – applied for shares, subscribing more than SR7 billion ($1.87
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