Saudi Arabia plans to build NEOM, a new $500 billion mega city


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. The prince said the city project, to be called “NEOM,” will operate independently from the “existing governmental framework” with investors consulted at every step during development. The project will be backed by more than $500 billion from the Saudi government [...].



The project is ambitious with a capital A: besides the mere challenge of building a new mega city in currently undeveloped desert terrain, the Saudi Crown Prince also envisions a new kind of society for NEOM — likely modeled on the 'free zone' concept that made Dubai flourish — whose "new way of living" and "international standards" laws will be at odds with the ultraconservative traditions and values in the rest of the kingdom.

Alexander Walter via Archinect - News http://ift.tt/2yLnbHP

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