Eric Reguly

Saudi Arabia's picture of King Abdullah Economic City in 20 years

Saudi Arabia plans a $100 billion mega-city to help end its oil dependence

Business

With oil prices down and the world’s supply eventually running out, Saudi Arabia is looking to the future by constructing a massive new city from scratch along the Red Sea. The kingdom hopes it will provide a new source of income and trade, but it’s not without its own problems.

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