Tech
Neom: Saudi Arabia’s $500 Billion Bet To Build A Futuristic City In The Desert
Saudi Arabia is building a futuristic city in the middle of a vast desert— from scratch.
A vital element of the country’s Vision 2030 plan, the project is the brainchild of Saudi’s de facto leader, Crown Prince Mohammed bin Salman, also known as MBS. The site covers an area of more than 10,000 square miles, about the same size as Massachusetts. And it could cost $500 billion to complete.
“So Mohammed bin Salman wants to project himself as a liberal leader within the conservative royal family in Saudi Arabia,” Ali Dogan, research fellow at the Leibniz-Zentrum Moderner Orient institute, told CNBC in an interview. “Neom is a mega project seen in Saudi Arabia and the young Saudi population as part of this liberalization process.”
The Neom project is far from without controversy, though. Critics say it’s another attempt by the crown prince to improve his image after U.S. intelligence officials concluded he was behind the 2018 killing of journalist and Saudi dissident Jamal Khashoggi. It also is being seen by some as a way to distract attention from Saudi Arabia’s human rights record.
Watch the video above to find out why MBS is betting on this futuristic city.
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Neom: Saudi Arabia’s $500 Billion Bet To Build A Futuristic City In The Desert
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Chinese automakers have made over $100 billion in EV and battery investments abroad since 2019, according to Atlas Public Policy, far outpacing US firms. CNBC’s Robert Ferris has more on how the Asian country got here and why.
Chapter 1: What is happening – 01:18
Chapter 2: Why this matters – 03:05
Chapter 3: The future – 06:00
CREDITS:
Produced by: Robert Ferris
Shot and edited by:
Additional Editing: Darren Geeter
Animation: Jason Reginato, Emily Park
Senior Managing Producer: Tala Hadavi
Additional Footage: Getty Images, AP
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How China came to dominate the global EV factory boom
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Cisco buys tech startup AppDynamics one day before its IPO. Here’s what to expect next.
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Cisco Buys AppDynamics One Day Before Its IPO | Tech Bet | CNBC
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The AI race is shifting from who has the biggest model to who can run, control and deploy AI most effectively.
Perplexity CEO Aravind Srinivas joins to discuss the company’s new orchestrator model, why he’s building on open-source Chinese AI, and his argument that “token value per watt” may decide the next phase of competition.
Then, Benchmark general partner Peter Fenton and Ollama CEO Jeff Morgan discuss the rise of open models, why enterprises are increasingly running models they can download and control, and what Ollama’s growth says about where the AI ecosystem is heading.
Together, the conversations get at one big question: in AI’s next race, will the winners be defined less by model access and more by cost, control and compute?
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AI’s Next Race: Cost, Control, and Compute
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Federal Reserve Chairman Kevin Warsh is floating major revisions to the central bank’s approach to assets, productivity, data, inflation and public communications. To achieve this, Warsh has created 5 “task forces” while soliciting interest from individuals outside of the Fed. This presents an opportunity for a small unelected group to influence the broader U.S. economy and value of U.S. dollars circulating globally. CNBC’s Matt Peterson reports.
Credits
Reporter: Matt Peterson
Produced and Edited by: Carlos Waters
Camera by: Charlotte Morabito
Animation: Jason Reginato
Senior Managing Producer: Shawn Baldwin
Additional Footage: Getty Images
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Members of Congress are debating the future of AI regulation at a pivotal moment for the technology. In an effort to influence the next class of lawmakers, dueling super PACs backed by AI giants like OpenAI and Anthropic are pouring millions of dollars into the midterm elections. CNBC’s Emily Wilkins breaks it down.
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Reporter
Emily Wilkins
Produced by
Macklin Fishman
Additional Production
Karen James Sloan
Shot by
Mickey Todiwala, Fred Soffa
Edited by
Andrea Miller, Darren Geeter
Animation
Jason Reginato, Emily Park
Senior Managing Producer
Shawn Baldwin
Additional Footage
Getty Images
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@carolkerr659
December 17, 2023 at 11:53 pm
15 minute city. The WEF dream come true
@SabrinaCampbell-uy8eb
December 17, 2023 at 11:53 pm
May Jesus continue to guide and keep u . 🙏🇯🇲✌️
@guardianangel100percent
December 17, 2023 at 11:53 pm
Be the saint 100% i must rechoose the right pilot and gpilot……icant bring mafia and sin and darkside…….is bad for humanity many hidden damage and victime cause it…sure the one must perfect if not perfect is not the one
@smahmedhasan6643
December 17, 2023 at 11:53 pm
Wonderful NEOM City' Saudi Arabia
@shuaibmohammedc
December 17, 2023 at 11:53 pm
A dream and he is in illusion.
@user-ci1op1oe1m
December 17, 2023 at 11:53 pm
No matter what kind of wishes they have, China will help them achieve them
@sayyidsab6211
December 17, 2023 at 11:53 pm
neobux ojo
@mohamedsazali3668
December 17, 2023 at 11:53 pm
MBS WORST IDEA 💡. MONEY BETTER TO HELP POOR COUNTRIES😡
@rayakusu-fosterB
December 17, 2023 at 11:53 pm
WE'RE WITH YOU ROYAL KING 🤴 MBS 💜🇸🇦💜 ALWAY. ❤🇬🇧❤
@JavedKhan-nn2zm
December 17, 2023 at 11:53 pm
He cannot imagine to build oxford or harwad like university….
.*sign of backwardness of muslim community*
.. imagine and invest in luxurious life…
@wisdompoint6497
December 17, 2023 at 11:53 pm
obsession with construction …….a city based on materialistic concept with no connection to any human feelings…..world is heading towards making artificial as new normal …. Any concept away from nature and without knowing the importance of human values and emotions …. will be total failure and disaster……….the materialistic concept of life dumped by west and re invented by middle east.
@selindenizcebi9952
December 17, 2023 at 11:53 pm
The line project will be a white elephant!!! it’s useless and meaningless!!! Plus very ugly!!!
@Tihi45
December 17, 2023 at 11:53 pm
THIS MAN ORDERED THE MURDER OF JAMAL KASOGI.THIS MAN KISSES THE JEWS' ASS.PEOPLE OF SAUDI ARABIA OVERTHROW THAT TYRANT.
@QaisBalushi-qt1wz
December 17, 2023 at 11:53 pm
Free palestine free palestine
@nimainfinity
December 17, 2023 at 11:53 pm
What a crap!
@cengezhan4857
December 17, 2023 at 11:53 pm
It'll be like Babylon 😘
@omyhaby1912
December 17, 2023 at 11:53 pm
Future Grave Yard….!
@adrianbishop7952
December 17, 2023 at 11:53 pm
A huge plethora of vacuous enthusiasm from the various architects, but a monumental lack of detail which will lead to a lot of sceptical criticism. The renderings need to have a much more "lived in" look as now they look empty and almost abandoned. There needs to be a lot more commerce shown, markets, events, adverts and general life to make it realistic.
Car free sounds good but how are big and heavy objects going to be delivered to the various homes and businesses? How would delivery vans get around and deliver to peoples doors?
There is a phrase that "cities are the mess left over from people making money". How are people going to get rich by living in The Line? One of the reasons people like cities is that they are cultural, with theaters, exhibitions, the Arts, conferences and a political centre. Where are the cultural hubs?
Where are the airports? If people are going to live in the city there will need to be exceptional transport links to other cities
The marina at the end shows large superyacht diesel guzzling powerboats! Ooops, if the city is to be zero carbon emissions then they all need to be carbon neutral sailboats!
@vin2629
December 17, 2023 at 11:53 pm
As long as Saudi doesn’t open up to immigrants like Dubai, no matter how big a city the kingdom builds, it won’t generate any revenue. The religious police and strict laws in Saudi will not help the tourism.
@AnaGomez-cg9ix
December 17, 2023 at 11:53 pm
Hello good night thanks good bless you Hola feliz noches gracias que Dios Les guide i Les bendiga Con su familia gracias seles quiere Ana S gomez
@MdAkmal-wc5tg
December 17, 2023 at 11:53 pm
It is Israel plan, and graveyard of Saudi Arabia, King Salman is Zainist, Working for greater Israel, Spreading Zainism Music party Dance party girl party wine party Film festival. Zainist America and Israel is Controlling Saudi Arabia, UAE, Egipt dictator, Moracco, Oman, Bahrain King.for Greater Israel.
@parveenkana8068
December 17, 2023 at 11:53 pm
Mashallah inshallah Allah is going to be with u every minute and my Dua is with uit is going to be Amazing project
@grantjones8690
December 17, 2023 at 11:53 pm
Ex goat herders with oil money. Another failure in the works.
@thippawanbunyiam9220
December 17, 2023 at 11:53 pm
Please call for help. Elon and his Phychopathic ill people attacking me all the times. Can not call or use my account. Lalisa Manuban use to catfish ti fake to dont get help.
@TomCarpenter-ep7wv
December 17, 2023 at 11:53 pm
The Antichrist !
@Jay.8347
December 17, 2023 at 11:53 pm
Never forget Jamal Khashoggi
@greyguy9767
December 17, 2023 at 11:53 pm
Was showing you how he is going to semd to hell with a cell phone. Guess who he is?
@nigelbetty2260
December 17, 2023 at 11:53 pm
Going to be a huge blunder. Just as the world turns away from gas and oil, they decide to spend all this money in an uninhabitable part of the country
@shawncarter5273
December 17, 2023 at 11:53 pm
Yea and they gonna get the money back by when people go over there arrested them on some unknown charges and you got to pay to get out who wants to go to a strict rules country to vacation
@Kuwaitiobserver
December 17, 2023 at 11:53 pm
America cannot stand the vision of progress on the Asian continent
@ebrahimabrahams3635
December 17, 2023 at 11:53 pm
If this was built in america it wud be known as the 9th wonder of ghe world
@tolib1650
December 17, 2023 at 11:53 pm
ดะวะหชอบมากๆ
@jakestatus6444
December 17, 2023 at 11:53 pm
Nice can't wait to see it
@BasicDefense
December 17, 2023 at 11:53 pm
If you speak out against this "prince" you will probably be casted out to the desert to cook.
@jasons7672
December 17, 2023 at 11:53 pm
Dumbest idea of all time. Epic epic epic fail.
@urbanplanner7200
December 17, 2023 at 11:53 pm
It's almost like the US establishment wants the Saudis to dump their money back into the stock market instead.
@mohammadalajmi6530
December 17, 2023 at 11:53 pm
Long live the great kingdom of Saudi Arabia
A country of safety and prosperity
There is no Homeless as it exists in western country
There are no rapes as it exists in western country
Education is free for saudis
Hospitals is free for Saudis
Long live the Custodian of the Two Holy Mosques, His Majesty King Salman bin Abdulaziz Al Saud
Long live the beloved Crown Prince Mohammed bin Salman Al Saud
@chengyu6443
December 17, 2023 at 11:53 pm
🏫⛲🏧💯🏤🏩🏪🚮🚱🚻🚯♓🅰♑🔛🔛♏♋⏰⌛⌛⛎
@tylermadison2073
December 17, 2023 at 11:53 pm
Why dosent he improve existing cities…
@ctwpoco-oy6wu
December 17, 2023 at 11:53 pm
Hey, I have a great idea. Let's build a big city in the middle of the desert where there's no water and plants.
You are a genius 😹
❤😂🎉😢😮😅😊
@zaydzaydh2710
December 17, 2023 at 11:53 pm
Mashallah, young and smart, may Allah make him successful
@basmalahfatimah7604
December 17, 2023 at 11:53 pm
لعنة الله تعالي علي فتنة الوهابية الصهيونية قرن الشيطان
@rayhaanc7712
December 17, 2023 at 11:53 pm
Grammar mistake * you mean Palestine 🇵🇸
@millevenon5853
December 17, 2023 at 11:53 pm
its an extremely beautiful place. am very excited to see the line and the oxagon succeed and hope to visit once its all done
@kwstasxtz8624
December 17, 2023 at 11:53 pm
Θέλω παρακαλώ να δουλέψω όσο καιρό χρειαστεί για να μπορέσω να πάρω ένα σπίτι κάνε μου σε παρακαλώ αυτή τη χάρη να δουλέψω
@louisd6410
December 17, 2023 at 11:53 pm
Biggest line someone has done
@mohammedalrefaei1908
December 17, 2023 at 11:53 pm
القافله تسير والكلاب تنبح.