- NEOM City project is launched by Saudi Arabia.
- NEOM means “New Future”.
- Saudi Crown Prince Mohammed bin Salman announced the launch of a project involving the construction of a futuristic $500 billion city that will be built to run entirely on alternative energy.
- Crown prince Mohammed bin Salman has set a target for NEOM by 2025.
- NEOM City will be built at the coast of the Red Sea.
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