Neom: Saudi Arabia’s $500 Billion Bet To Build A Futuristic City In The Desert
Saudi Arabia is building a futuristic city in the middle of a vast desert— from scratch.
A vital element of the country’s Vision 2030 plan, the project is the brainchild of Saudi’s de facto leader, Crown Prince Mohammed bin Salman, also known as MBS. The site covers an area of more than 10,000 square miles, about the same size as Massachusetts. And it could cost $500 billion to complete.
“So Mohammed bin Salman wants to project himself as a liberal leader within the conservative royal family in Saudi Arabia,“ Ali Dogan, research fellow at the Leibniz-Zentrum Moderner Orient institute, told CNBC in an interview. “Neom is a mega project seen in Saudi Arabia and the young Saudi population as part of this liberalization process.“
The Neom project is far from without controversy, though. Critics say it’s another attempt by the crown prince to improve his image after U.S. intelligence officials concluded he was behind the 2018 killing of journalist and Saudi dissident Jamal Khashoggi. It also is being seen by some as a way to distract attention from Saudi Arabia’s human rights record.
Watch the video above to find out why MBS is betting on this futuristic city.
» Subscribe to CNBC:
» Subscribe to CNBC TV:
About CNBC: From ’Wall Street’ to ’Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Connect with CNBC News Online
Get the latest news:
Follow CNBC on LinkedIn:
Follow CNBC News on Facebook:
Follow CNBC News on Twitter:
Follow CNBC News on Instagram:
#CNBC
Neom: Saudi Arabia’s $500 Billion Bet To Build A Futuristic City In The Desert
1 view
135
41
3 months ago 00:01:32 1
La « ville du futur » de Neom en Arabie Saoudite ne ressemble vraiment plus à ça
4 months ago 00:11:45 1
15 Groundbreaking Concepts Shaping the Future
7 months ago 00:02:43 1
Зеленое Будущее NEOM: Предложение по гидроэлектростанции для THE LINE в Саудовской Аравии
7 months ago 00:01:23 1
Saudi activist killed over Neom tensions buried with heavy police presence
9 months ago 00:13:56 1
Why Vertical Farms WORLDWIDE Are FAILING!
9 months ago 00:13:38 1
iZap4u – Zap 300 (Short Edit) Part 2/2 – 2022
9 months ago 00:14:44 1
iZap4u – Zap 301 (Short Edit) Part 1/2 – 2022
9 months ago 00:09:00 1
Saudi Arabia & Russia Cuts Oil Production as Germany Plans Desperate Economic Rescue
9 months ago 00:02:00 1
NEOM, The Futuristic Mega City Saudi Arabia Is Planning
9 months ago 00:02:33 2
NEOM unveils ultra-futuristic epicon towers in saudi arabia’s coastal desert
9 months ago 00:04:35 1
NEOM in Saudi-Arabien: Ist The Line die Stadt der Zukunft?
9 months ago 00:08:05 1
La NASA Acaba de Probar una Nave Interestelar para Futuros Viajes Espaciales
10 months ago 00:11:33 1
The Line, a smart city, 9 million people,170 km long, living modules of 5 minutes neighborhoods
10 months ago 00:13:32 1
Neom Factory Timelapse | Satisfactory Showcase
10 months ago 00:08:36 1
Neom: Saudi Arabia’s $500 Billion Bet To Build A Futuristic City In The Desert
10 months ago 00:14:06 1
Mar Rojo: ¿quién transporta las materias primas? Las desconocidas grandes compañías y su actividad
10 months ago 00:14:06 1
Las desconocidas grandes compañías que mueven las materias primas en el mundo por el mar. Joel Grau
11 months ago 00:09:11 1
You Won’t Believe What China Builds in the Middle of the Desert
11 months ago 00:13:42 3
THE LINE wächst Schnell! Bau-Update 2024
11 months ago 00:13:59 1
Arabie saoudite : ce qui se cache derrière ce projet fou
11 months ago 00:12:47 1
THE LINE is Growing FAST! Construction Update 2024
11 months ago 00:06:55 1
This is How U.S President Travels
11 months ago 00:02:26 1
Intentions of Iran and the ’axis of resistance’ amid escalation of Israel-Hamas war: Expert analysis