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

The plan is the latest mega project announced by the kingdom

Bloomberg
Bloomberg
Oct 24, 2017 · 4 min read

By Alaa Shahine and Glen Carey

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.

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