Saudi Arabia plans to build futuristic city for innovators
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October 25, 2017
RIYADH, Saudi Arabia (AP) — Saudi Arabia's powerful crown prince on Tuesday announced plans to build a futuristic city run entirely on alternative sources of energy and said the ultraconservative kingdom must return to "moderate Islam."
The $500 billion "Neom" project , envisioned as a hub for technological innovation, will be funded by the kingdom's sovereign wealth fund, which the prince oversees, as well as the Saudi government and a range of private and international investors.
"This place is not for conventional people or conventional companies," Crown Prince Mohammed bin Salman told an a...
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