Oriental Review.org:
The ambitious Saudi Crown Prince Mohammed Bin Salman unveiled a $500 billion project at an investment forum earlier this week in an effort to bring some serious substance to his Vision 2030 project of fundamentally diversifying his country’s oil-dependent economy in the coming decade. The proposal calls for a gigantic city called NEOM to be built at the entrance to the Gulf of Aqaba in the northeastern corner of the Red Sea, with the plan being for it to eventually extend into neighboring Egypt and Jordan as well. The Crown Prince promised that it would be a technologically advanced city with its own laws and administration, and it will also be free from anything “traditional”.
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