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NEOM, Saudi Arabia’s $500 Billion Megacity Future Plans
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Saudi Arabia has begun to make a major push to diversify its economy and reduce its reliance on oil exports by developing a range of industries, including tourism, aviation, renewable energy, petrochemicals, and food and water processing. Saudi Arabia’s Vision 2030 outlines $1.8 trillion in investment in infrastructure, education, housing, and healthcare over a 10-year period in a bid to develop the private sector and create new jobs.
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