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Neom is the crown jewel of Prince Mohammed s plan to diversify the Saudi economy. Crown Prince Mohammed bin Salman unveiled his latest vision for Saudi Arabia s future beyond oil: a city with no cars, roads or carbon emissions. The 170 kilometer-long (106 mile-long) development called The Line will be part of the $500 billion project called Neom, the crown prince said in a televised speech on Sunday. Construction is planned to start in the first quarter. A news release described The Line as a walkable belt of hyper-connected future communities, without cars and roads and built around nature. It said the city would have 1 million residents and create 380,000 jobs by 2030. The infrastructure will cost $100 billion to $200 billion, the crown prince said.

Saudi arabiaAl ulaSaudi arabia generalWorld top oil producerSaudi arabia public investment fundStop oil producerLaunches city with no carsPrince mohammedPublic investmentSaudi princeWorld amp 039s largest crude exporterசவுதி அரேபியாஅல் உளசவுதி அரேபியா ஜநரல்உலகம் மேல் எண்ணெய் ப்ரொட்யூஸர்சவுதி அரேபியா பொது முதலீடு நிதி