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Saudi Arabia Just Announced Plans to Build a Mega City That Will Cost $500 Billion

  • New city, called NEOM, to be connected to Egypt, Jordan
  • Plan is latest mega project announced by the kingdom
Bloomberg business news

Saudi Arabia Plans $500 Billion Mega City

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Saudi Crown Prince Mohammed bin Salman announced plans to build a new city on the Red Sea coast, promising a lifestyle not available in today’s Saudi Arabia as he seeks to remake the kingdom in a time of dwindling resources.