Saudi Arabia to Construct $500 Billion Mega City
They’re building their hopes on sand. Crown Prince Mohammed bin Salman, aiming to diversify his kingdom’s oil-dependent economy, announced plans for a special investment zone focused around a futuristic new mega city called NEOM, which will be powered entirely by clean energy. The $500 billion project will span some 10,000 square miles, extending into Jordan — and, via a bridge across the Red Sea, into Egypt. While some past Saudi urban projects have struggled, supporters of the 32-year-old prince see it as a bold stroke.