Saudi Arabia is building a $500 billion mega-city that's 33 times the size of New York City

pulse

October 24, 2017 7:22 PM

The plan calls for a business and industrial zone that will connect with Saudi Arabia, Jordan, and Egypt, and may lessen the kingdom's reliance on oil exports.

The Saudi Arabian government says it will build a $500 billion mega-city, with the goal of diversifying its economy to focus less on crude oil.
The project, called NEOM, will measure 10,230 square miles.
Saudi Crown Prince Mohammed bin Salman said the government will aim to make NEOM run on 100% renewable energy — a highly ambitious goal.
This month, the country started awarding contracts to build palaces there.

Saudi Arabia is the world's largest oil exporter, but falling oil prices have made it more difficult for the country to pay its oil workers.

Now the Saudi Arabian government has come up with a project that could give its economy a boost: a $500 billion mega-city that will connect to Jordan and Egypt and be powered completely by renewable energy.

In October 2017,

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