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Excerpt from www.msn.com
Saudi Arabia is urgently seeking investment from China for its ambitious Neom megacity project, which is at the heart of Crown Prince Mohammed bin Salman’s Vision 2030 strategy.
The plan aims to diversify the kingdom’s economy away from fossil fuels and transform it into a global hub for innovation and technology.
In recent years, Saudi Arabia has signed various tech deals with China, further strengthening their economic ties. However, this growing alliance has sparked warnings from the United States, which cautions against the potential consequences if Saudi Arabia draws too close to China.
At a recent exhibition in Hong Kong, Saudi Arabia showcased its futuristic vision for Neom, revealing detailed plans for The Line, a vast residential structure intended to house nine million people.
The exhibit also featured designs for a network of underground tunnels for transportation and a desert ski resort in the mountains. This exhibition was part of Saudi Arabia’s efforts to secure billions in new investment for Neom, a project whose costs could escalate to over a trillion dollars.
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