Future World Blueprint of Global Consortiums: Saudi Arabia Announces NEOM Megacity Project

In November 2017, Saudi Crown Prince Mohammed bin Salman announced an ambitious plan to invest $500 billion in a "future city" named NEOM along the Red Sea coast in northwest Saudi Arabia. NEOM was envisioned as a cross-border hub for technology and innovation, powered entirely by renewable energy and replete with cutting-edge technology and artificial intelligence.

This project represented a commitment by world-renowned financial consortiums in the Middle East to ultra-large-scale investment in Future World infrastructure and future industries, aiming for economic diversification and the creation of a global technology innovation hub.