Saudi Arabia is building a giant city in the desert
25/11/2017 12:00 am
[rtl]Translated by Khaled Kassem
Saudi Crown Prince Mohammed bin Salman plans to build the city of Neum on a sandy peninsula in the northwest of the kingdom, a city larger than Dubai with more robots than humans. The crown prince sees the city as a "cultural leap for humanity" outside the traditional constraints and an economic revolution that includes the latest in the world in the areas of manufacturing, biotechnology, media and aircraft.
The city is supposed to represent Saudi Arabia's efforts to move a country that has been swimming with oil money and facing severe financial pressures. "The city is an attempt to create a more efficient and simpler macroeconomic area that needs time to be reformed," says James Dorsey, a Middle East specialist at the University of Singapore. "The question is whether it is possible to isolate a giant city from the shortcomings of the country's economy." The
city is another example of the Crown Prince's desire to spend money on projects regardless of resource constraints. The discovery comes after plans for a giant entertainment city, a tourist resort and a change of waterfront in Jeddah on the Red Sea.
In line with Vision 2030, this project is very ambitious, because the Gulf region is full of skyscrapers, but no city has been able to match Dubai as a global economic center, let alone surpass it.
It took decades to develop Dubai into a tourist destination and build the world's tallest tower and regional headquarters for global banks such as Standard Chartered and Dubai's third world-class airport after Atlanta and Beijing.
"The city is creating a new demand that is not the same as that of Dubai, and it is helping Dubai, Bahrain and especially Kuwait because it will be exported to Europe faster and cheaper," Prince Mohammed bin Salman said. "
Part of the city is located in the Ras al-Sheikh Humaid area, a 50-km peninsula in the waters of the Red Sea. Approximately 26,000 square kilometers have been allocated for the development of the urban area that will extend in Jordan and Egypt, more than twice the size of the State of Qatar.
The region was chosen because of its strategic location and its proximity to international shipping routes. The road passing through the future city cuts off an arid desert bordered on the right by white hills and desert plains. When crossing the turquoise waters, there is a base for Saudi border guards and a communications tower.
The prince knows in advance what he wants from the coastal strip, and the Gulf Nyum will start as an operational hub for the city and resemble the group of the Hampton Islands in New York at a later stage, the prince said. But that does not mean more jobs for Saudi youth who are increasingly angry because of the lack of opportunities available to them, and the little crown prince about it: " It is not the duty of Neum create jobs for Saudis, a duty Neum to be a global hub for everyone in the whole world."
Kingdom 's Vision 2030 supported by the largest establishment A sovereign wealth fund in the world, which
has already saved $ 20 billion to an infrastructure fund with Blackstone Group and $ 45 billion to a technology fund run by Softbank.[/rtl]