Stuart Clarkson

The project was part of the Saudi Arabian government's strategy to diversify the country's economy away from oil, but several projects have now been postponed, including the hosting of the 2029 Asian Winter Games.

So what's going on?

Here's the BBC's Sebastian Usher.

Thanks for listening.

Today in the UK, I'm Stuart Clarkson with the Marketplace Morning Report from the BBC World Service.

Today, the trade agreement being called the mother of all deals.

Live from the UK, this is the Marketplace Morning Report from the BBC World Service.

I'm Stuart Clarkson.

Good morning.

India and the European Union have agreed a major trade deal after nearly two decades of on-off negotiations.

The wide-ranging agreement will see a number of huge tariff cuts and a joint security partnership.

At a news conference in Delhi, India's Prime Minister Narendra Modi said it signalled a deepening of friendship between them.

The EU Commission President Ursula von der Leyen said the agreement would create a free trade zone of two billion people.

Let's bring in the BBC's Arundhye Mukherjee, who's in Delhi.

Hi there.

Hi Stuart, how's it going?

Not too bad.

So tell us about this deal.

It sounds like it's quite a big deal.

And Ursula von der Leyen saying it's a free trade zone, 2 billion people, both sides set to benefit.