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Saudi doles out construction contracts for Neom palaces
3 Views • Feb 28, 2018
Description
According to Reuters, Saudi Arabia asked companies to develop five palaces in the massive business zone. NEOM is part of Saudi's aim to diversify its economy away from oil and will reportedly be powered by renewable energy.
According to British newspaper the Independent, the area NEOM is to be built upon is 33 times larger than New York City. The city will also reportedly have its own judicial system, separate from the rest of Saudi Arabia.
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