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The Financial Express

Saudi Arabia to build zero carbon city

| Updated: January 11, 2021 20:10:00


Evaly and Fianancial Express Evaly and Fianancial Express
Saudi Arabia to build zero carbon city

Saudi Arabia's crown prince on Sunday announced plans to build a zero carbon city at NEOM, a $500 billion flagship business zone aimed at diversifying the kingdom's oil-based economy.

Prince Mohammed bin Salman said in televised remarks that the city, which will be capable of housing one million residents, would comprise "carbon-positive urban developments powered by 100 per cent clean energy", reports Reuters.

A Saudi statement said construction would start in Q1 2021 on the project, which is expected to contribute $48 billion to the kingdom's GDP.

 

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