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)