A new mega-city sitting on the Red Sea, and connected to Egypt and Jordan, has received $500 billion in backing from the Saudi government. Bloomberg reports that the proposed city of NEOM will occupy close to 10,000 square miles and will operate as a ‘free zone’, with separate laws and regulations from the rest of Saudi Arabia—similar to how Dubai operates in the UAE. The move is seen as another step in the country’s attempt tor reform its oil-based economy creating what Saudi Crown Prince Mohammed bin Salman describes as a new generation of cities powered by clean energy.

Source: https://www.planetizen.com/news/2017/11/95590-saudi-arabia-plans-new-mega-city-red-sea

Rate us and Write a Review

Your Rating for this listing

angry
crying
sleeping
smily
cool
Browse

Your review recommended to be at least 140 characters long

building Own or work here? Claim Now! Claim Now!

Claim This Listing