Crown Prince Mohammed bin Salman on Tuesday unveiled ambitious plans for a new city state that would also straddle Jordan and Egypt in the kingdom’s northwest with up to $500bn in investments.
Called Neom, the city will be powered by solar and wind energy, and is likely to have more robots than people living there.
The business zone, spanning 26,500 square kilometers, would be a showcase for modernity, Saudi ingenuity and new technologies, the Crown Prince told a panel discussion at the Future Investment Initiative (FII) conference in Riyadh.