Saudi Arabia announced plans to build a $500 billion mega-city, 33 times the size of New York City.
Saudi Crown Prince Mohammed bin Salman said that Saudi Arabian government will build a $500 billion mega-city, called NEOM.
NEOM will measure 10,230 square miles, designed to run on 100% renewable energy.
Saudi Arabia expects first section of NEOM to be completed by 2025.
Bin Salman said on at the conference:
“This place is not for conventional people or conventional companies, this will be a place for the dreamers for the world. The strong political will and the desire of a nation. All the success factors are there to create something big in Saudi Arabia.”