Oil prices fell on Monday, hit by renewed concerns about global fuel demand amid tough coronavirus lockdowns in Europe and new curbs on movement in Chin
Saudi Crown Prince Mohammed Bin Salman announced a zero-carbon city called The Line to be built at NEOM in northwestern Saudi Arabia. (File photo: Reuters)
NEW DELHI: 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.
Incoming Foreign Relations chairman is foe of Trump’s massive Mideast arms sales U.S. Sen. Bob Menendez, D-N.J. (Photo by Stefani Reynolds/Getty Images) WASHINGTON ― U.S. Sen. Robert Menendez, who clashed with the Trump administration over its arms sales to the Mideast, its rejection of Cold War arms control treaties and its withdrawal from the Iran nuclear deal, is poised to become the chairman of the Senate Foreign Relations Committee. For the first time in a decade, Democrats will have control of both chambers of Congress and the White House, and Menendez, D-N.J., would be a powerful partner for incoming President-elect Joe Biden. Biden has signaled a tougher stance toward Russia, following the massive SolarWinds hack of American government and private networks, and toward Saudi Arabia, a major customer of U.S. arms exports ― as well as plans to renew America’s alliances.
Saudi Crown Prince s New Year Reset Before Biden s Takeover Saudi Crown Prince s New Year Reset Before Biden s Takeover Combined with threats from Iran and a weakening economy, the Prince s calculation had been shifting: reconciliation looked better than conflict.
Crown Prince Mohammed bin Salman had presided over the rift with Qatar for more than three years
On a day that Saudi Arabia jolted the oil market with an output cut it called a gesture of goodwill, the kingdom s de-facto ruler took center stage in a mirrored concert hall, ready to resolve a different crisis.
Crown Prince Mohammed bin Salman had presided over the rift with Qatar for more than three years. But now there were just two weeks before a new U.S. leader took office, and President-elect Joe Biden had promised to treat Saudi Arabia as a pariah. Combined with threats from Iran and a weakening economy, the prince s calculation had been shifting: reconciliation looked better than conflict.
RIYADHSaudi Arabia, the worlds top crude exporter, announced Sunday the launch of an eco-city with zero cars, zero streets and zero carbon emissions at its futuristic NEOM mega development.