Thursday, June 17, 2021

Saudi Arabia to build zero carbon city in NEOM business zone

Prince Mohammed bin Salman said the city will be capable of housing one million residents and will start construction in Q1 2021

DUBAI, Jan 10 (Reuters) – Saudi Arabia’s crown prince on Sunday announced plans to build a zero carbon city at NEOM, a $500 billion flagship business zone aimed at diversifying the kingdom’s oil-based economy.

Prince Mohammed bin Salman said in televised remarks that the city, which will be capable of housing one million residents, would comprise “carbon-positive urban developments powered by 100% clean energy”.

A Saudi statement said construction would start in Q1 2021 on the project, which is expected to contribute $48 billion to the kingdom’s GDP.

(Reporting by Marwa Rashad, Ghaida Ghantous and Nayera Abdallah; Editing by Alexander Smith)

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