Saudi Aramco pays out $100bn to help fund planned ‘mirror city’ in desert
Experts believe the Mirror Line project could take as long as 50 years to complete
Saudi Arabia’s state-owned oil company has paid out nearly $100bn (€91bn) in dividends as Crown Prince Mohammed bin Salman seeks to fund ambitious plans to build a “mirror city” in the desert.
Saudi Aramco, the world’s largest oil producer, increased payouts by 30pc to $98bn in 2023 despite a 25pc slump in profits to 454.7bn Saudi riyals (€110.8bn).
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