With Red Sea mega-city, Saudis eye economic unity with Egypt, Jordan


(Worthy News) - To observers, Saudi Crown Prince Muhammad bin Salman Al Saud’s flagship idea may seem overly ambitious – to build a mega-city known as Neom along the Gulf of Aqaba and the Red Sea that extends across the borders to Jordan and Egypt.

Indeed, its proponents are describing the planned 26,500 square kilometer city in almost messianic terms. “Neom is positioned to become an aspirational society that heralds the future of human civilization by offering its inhabitants an idyllic lifestyle set against a backdrop of a community founded on modern architecture, lush green spaces, quality of life, safety and technology in the service of humanity paired with excellent economic opportunities,” says Neom’s website.

That may be overstating Neom’s significance, but the project, which is yet to get under way, promises to be extremely important – not only for Saudi Arabia but for the region as a whole. For Riyadh, it is a central component of plans by Muhammad to ween the kingdom off of its dependence on oil exports and diversify the economy by emphasizing, for example, knowledge-based industries. Egypt and Jordan are reacting with enthusiasm to the plan, hoping it can give a boost to their depressed economies. [ Source: Jerusalem Post (Read More...) ]

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