Saudi Arabia Plans $500 Billion Mega City “NEOM”

Crown Prince Mohammed bin Salman said Saudi Arabia is in talks with some of the world’s biggest companies to develop technologies that will power life in the $500 billion city he’s planning to build on the Red Sea.

Prince Mohammed is trying to steer Saudi Arabia away from oil-dependence, something that few major economies have managed. And he keeps moving the goalposts – to make the plans more ambitious.