The Neom project in Saudi Arabia, that will include many entertainment and attractions installations, is about to be launched with a US$80bn Investment Fund.
The fund was announced this week by Saudi Crown Prince Mohammed bin Salman in Jeddah. It will invest in businesses that will agree to operate within Neom, a 26,500sq.km high-technology city that will eventually house nine million people.
The land is alongside the Red Sea and the development will include several zones, business, industrial and logistics and is to be designed as a zero-carbon community, operating on renewable energy.
It is expected by the media that the Neom business zone will be publicly listed in 2024. The accompanying Reuters photograph shows part of the coastline that will be used for the project.
