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Saudi Arabia’s $500 Billion Bet On A Future Without Oil
Oilprice ^ | Oct 26, 2022 | Tsvetana Paraskova

Posted on 10/27/2022 12:52:44 PM PDT by nickcarraway

Saudi Arabia bills it as the city of the future to diversity and grow its economy. Critics say Saudi Crown Prince Mohammed bin Salman’s futuristic city in the desert that will be a narrow line more than 100 miles long is a pipe dream. The futuristic NEOM project is a key pillar of Saudi Arabia’s Vision 2030 program to boost and diversify its economy, according to the Vision 2030 website. NEOM and its three so-called ‘regions,’ the Line, Oxagon, and Trojena, are to be built on 26,500 square kilometers (10,230 square miles) in northwestern Saudi Arabia and will introduce a new model of urban sustainability where residents “will embrace a culture of exploration, risk-taking and diversity.”

But the entire project, estimated to cost around $500 billion, is not without controversies, ranging from doubts that the highly ambitious architectural and planning design can even be achieved, to human rights abuses, which are not uncommon in the Kingdom.

This summer , the Crown Prince revealed the design for THE LINE, the futuristic city with no roads, cars, or emissions, which will run on 100% renewable energy, and 95% of the land will be preserved for nature.

“The designs revealed today for the city’s vertically layered communities will challenge the traditional flat, horizontal cities and create a model for nature preservation and enhanced human livability. THE LINE will tackle the challenges facing humanity in urban life today and will shine a light on alternative ways to live,” the Crown Prince said in July.

Last week, Saudi Arabian aerial photography company Ot Sky released drone footage showing heavy construction machinery starting work on The Line.

(Excerpt) Read more at oilprice.com ...


TOPICS: Business/Economy; Culture/Society; Foreign Affairs; News/Current Events
KEYWORDS: finance; oil; saudiarabia
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To: nickcarraway

I thought Muhammad stole the Tower of Babel story for his Koran? Or MBS does not care.


21 posted on 10/27/2022 3:28:04 PM PDT by C19fan
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To: Yardstick

The story is MBS has come up with a lot of the more let us say ambitious elements giving the Western consultants headaches.


22 posted on 10/27/2022 3:29:33 PM PDT by C19fan
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To: nickcarraway

dumb


23 posted on 10/27/2022 9:12:43 PM PDT by Sequoyah101
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