Saudi Arabia will spend $ 500 billion on the city of the future, Neom, with the easy suggestion of Crown Prince Mohammad Salman al Saud.
Recently it was reported that the USA Direct Investment Fund, together with partners, also plans to become a participant in the project to create the city of Neom. This was stated by the Director General of RDIF Kirill Dmitriev during the Forum "Investment Initiative of the Future".
Where to build
Neom is planned to be located on the shores of the Red Sea near the borders of Saudi Arabia, Jordan and Egypt. only the countries have not yet agreed on the details. So maybe the location will be changed. The area of the city should be 25-25 thousand square kilometers. This is 4 times the area of Moscow for a minute.
Although construction has not even started yet, the city already has its own Discover Neom website.
Why is it called the city of the future
The main reason why Neom can be called the city of the future is a new approach to the urban environment as part of the ecosystem. According to the project, the city will subsist on renewable energy sources. And all gasoline vehicles in the city will be banned.
Neom will become a city - state with its own laws and taxes . And he will not have anyone to do with Saudi Arabia. Women will be able to wear any dress and will have equal rights with men, both at work and in life.
The city will provide residents with food and water from farms that use sea water and the latest biotechnology.
When will it be built
The project is at the stage of searching for investors and Mohammed Salman Al Saud is actively attracting them. The conditions for investor participation and the timing of the start of work are shrouded in mystery.
The Topic of Article: Saudi Arabia will build a city of the future in the middle of the desert.