The Crown Prince of Saudi Arabia
Prince Mohammed bin Salman earlier in the week announced a $500bn plan to build a business
and industrial city that that will border the kingdom with Jordan and Egypt as
part of its efforts to cut the kingdom from over dependence on crude oil.
The new city which is dubbed NEOM is
a 26,500 square km zone which will focus on industries including energy and
water, biotechnology, food, advanced manufacturing and entertainment, Saudi
Crown Prince Mohammed bin Salman said.
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