A $500bn Mega City - Saudis Try To Turn Country Into Dubai 20 Years Too Late [zero hedge]
Alcoa Corporation (AA)
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Source: zero hedge
A promotional video released on Tuesday features a lifestyle so far unavailable in Saudi cities. It showed women free to jog in leotards in public spaces, working alongside men and playing instruments in a musical ensemble. (Bloomberg – see below)Today the Saudi regime took another step forward in its effort (Vision 2030) to save itself by launching a $500bn project to build a futuristic mega city spanning three countries. From an Al Arabiya report:Saudi Crown Prince Mohammed bin Salman (MBS) announced the launch of NEOM on Tuesday, a project that aspires to be the “safest, most efficient, most future oriented, and best place to live and work” in the kingdom. NEOM’s land mass will extend across the Egyptian and Jordanian borders, rendering NEOM the first private zone to span three countries. The project will be backed by more than $500 billion over the coming years by Saudi Arabia. Wind and solar power will allow NEOM to be powered solely by regenerative energy, while 70 percent of
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