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


	
		Skip to content
    
		
    
    
                    
            
    BloombergConnecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world            
    For CustomersBloomberg Anywhere Remote LoginSoftware UpdatesManage Products and Account Information            
    SupportAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000    
                    
            
    CompanyAboutCareersDiversity and InclusionTech At BloombergPhilanthropySustainabilityBloomberg LondonBloomberg BetaGender-Equality Index            
    CommunicationsPress AnnouncementsPress Contacts            
    FollowFacebookInstagramLinkedInTwitterYouTube    
                    
            
    ProductsBloomberg TerminalDataTradingRiskComplianceIndices            
    Industry ProductsBloomberg LawBloomberg TaxBloomberg GovernmentBloombergNEF    
                    
            
    MediaBloomberg MarketsBloomberg TechnologyBloomberg PursuitsBloomberg PoliticsBloomberg OpinionBloomberg BusinessweekBloomberg Live ConferencesBloomberg RadioBloomberg TelevisionNews Bureaus            
    Media ServicesBloomberg Media DistributionAdvertising    
            

        
                    
            
    CompanyAboutCareersDiversity and InclusionTech At BloombergPhilanthropySustainabilityBloomberg LondonBloomberg BetaGender-Equality Index            
    CommunicationsPress AnnouncementsPress Contacts            
    FollowFacebookInstagramLinkedInTwitterYouTube    
                    
            
    ProductsBloomberg TerminalDataTradingRiskComplianceIndices            
    Industry ProductsBloomberg LawBloomberg TaxBloomberg GovernmentBloomberg EnvironmentBloombergNEF    
                    
            
    MediaBloomberg MarketsBloomberg TechnologyBloomberg PursuitsBloomberg PoliticsBloomberg OpinionBloomberg BusinessweekBloomberg Live ConferencesBloomberg RadioBloomberg TelevisionNews Bureaus            
    Media ServicesBloomberg Media DistributionAdvertising    
                    
            
    BloombergConnecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world            
    For CustomersBloomberg Anywhere Remote LoginSoftware UpdatesManage Contracts and Orders            
    SupportAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000    
            

    	


Live TVMarketsChevron DownEconomicsIndustriesTechPoliticsBusinessweekOpinionMoreChevron DownNew city, called NEOM, to be connected to Egypt, JordanPlan is latest mega project announced by the kingdomSaudi Arabia Plans $500 Billion Mega City
October 24, 2017 at 5:35 AM EDTUpdated on  October 24, 2017 at 11:46 AM EDTLock This article is for subscribers only.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.