Tuesday, 24 October 2017

Saudi to build new $500bn economic zone where robots may outnumber humans

Saudi to build new $500bn economic zone where robots may outnumber humans:

"Crown Prince Mohammed bin Salman has announced plans for a new economic zone in the kingdom’s northwest region with up to $500bn in investments, the official Saudi Press Agency reported.

The new zone, called Neom, will cover an area of 26,000 sq km along 486km on the Red Sea coast and will run across Saudi Arabia, Jordan and Egypt.

“Neom will be constructed from the ground-up, on greenfield sites, allowing it a unique opportunity to be distinguished from all other places that have been developed and constructed over hundreds of years and we will use this opportunity to build a new way of life with excellent economic prospects,” the prince said on Tuesday."



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