Saudi Arabia Is Opening Its First Alcohol Store
The new store, set to open “in the coming weeks” is located in the diplomatic quarter of Riyadh (reported by Reuters), an area inhabited by embassy staff and diplomats
The city of robots, renewable energy and its own laws must modernize the kingdom and its economy. Saudi crown prince Mohammad bin Salman presented a plan for the construction of a futuristic city that should help the kingdom become a country of the 21st century. The Prince has also promised that the state will profess a more tolerant form of Islam and become more open to religions and traditions from all over the world. So Saudi Arabia wants to diversify its economy and attract investors. The city, which was named Neom, will be located on the shores of the Red Sea, not far from the border with Jordan and Egypt. It is assumed that its area will exceed 25,000 square kilometers, and the value of the project is estimated at 500 billion dollars. It should be funded by the Saudi Arabian Public Investment Fund (PIF) and private investors. The project will be led by Klaus Kleinfeld, former Alcoa General Director, and formerly Siemens.
Neom must be distinguished not only from today's Saudi Arabia, but also from all other cities. The robots are predicted to be more than humans. They will be used in a variety of industries - from healthcare to safety. Cars will run on autopilot, and the city will be powered by electricity only from solar and wind power. Prince Mohamed admitted that it would not be easy to carry out this project.
"To dream is easy, but dreams come true is quite difficult." Neom will also have its own laws in place and be more friendly to business and foreigners. In the video that presents the project, there are women practicing yoga and ballerinas / in Saudi Arabia women have to wear clothes in public places that completely cover their body - from head to toe /.
The city is part of the ambitious Reform Plan "Vision 2030", which has to save the Saudi economy from oil dependency. According to the plan, PIF has to make large investments in the country and abroad at the expense of the funds received from the IPO of Saudi Aramco oil company. The Kingdom hopes to raise 100 billion dollars, selling 5% of the shares.
The project highlights Prince Mohammed bin Salman's desire to liberalize not only the economy but also Saudi society. In September, the Kingdom has already demonstrated this by repealing the ban on women driving cars. "We want to live a normal life that reflects our religious tolerance, our good customs and traditions in order to contribute to the development of the world and to the development of our society," the Prince said.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Slovak Prime Minister Robert Fico, who was shot at close range in Handlova on Wednesday, is now in a stable but serious condition following surgery
The Prime Minister of Greece, Kyriakos Mitsotakis, has dismissed the prospect of the Greek parliament ratifying the three memoranda associated with the Prespa Agreement with Skopje
Russian forces are reportedly making advances towards the Ukrainian village of Lyptsi near Kharkiv
Greek Prime Minister Kyriakos Mitsotakis has proposed the establishment of a European air defense system, modeled after Israel's "Iron Dome"
A man has been apprehended in Serbia after allegedly making threats against President Aleksandar Vucic, according to Deputy Prime Minister and Minister of the Interior Ivica Dacic
US President Joe Biden and former President Donald Trump are gearing up for debates in June and September, setting the stage for what promises to be a contentious face-off as they both contemplate another shot at the White House in 2024
Sofia Airport's Terminal 3 Construction Set to Begin in Early 2026
COVID-19 Impact: Bulgaria's Grim Milestone as Highest Death Rate in EU