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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CNBC Marathon explores how Tesla, Rivian and Dodge’s new electric vehicles are transforming the automotive industry.
Over the past decade, Dodge has dug deep into its performance car heritage and become a brand known for brash American muscle cars with supercharged V-8 engines and ridiculous amounts of horsepower. But tightening regulations, rising fuel prices and the rise of the SUV are putting the squeeze on Dodge’s so-called “brotherhood of muscle.” It recently debuted the Charger Daytona SRT EV, an electric car that looks a lot like its popular supercharged Challenger and Charger. Will Dodge fans or EV buyers want it?
Five years after Elon Musk first announced the Tesla Semi, it’s finally hitting roads. CNBC visited Pepsi’s Frito-Lay facility in Modesto, California, where it is using the new electric trucks, to see whether the Semis live up to the hype.
A new electric vehicle company hopes to take on Tesla with its outdoor adventure trucks and SUVs. And its deal with Amazon to build 100,000 electric delivery vans could help it succeed. Founded in 2009, Rivian is focusing on upscale electric trucks and SUVs with an emphasis on outdoor adventure. CNBC’s John Rosevear calls them the “Patagonia of electric vehicles.” Last month, Rivian and Amazon rolled out the first of the electric vans. They are starting to deliver packages in a handful of cities, including Seattle, Baltimore, Chicago and Phoenix.
After manufacturing’s 40-year cycle of decline in the U.S., officials in Washington are trying to bring it back. This move could be a boom or bust for huge swaths of the American Midwest. This region once dominated the auto industry before rising global trade and automation sent domestic manufacturing employment into a tailspin. U.S. leaders hope that new laws such as the Inflation Reduction Act of 2022 will help businesses create the green manufacturing jobs of the future.
Chapters:
00:00 — Introduction
00:48 — Will Dodge’s Electric Muscle Car Satisfy Its Die-Hard Fans? (Published October 2022)
15:31 — Does The Tesla Semi Live Up To The Hype? (Published February 2023)
31:33 — How Amazon Is Giving Rivian An Edge In The EV Industry (Published August 2022)
44:50 — How Electric Vehicles Will Change The Midwest Economy (Published September 2022)
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How Car Makers Are Switching To EVs | CNBC Marathon
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Lowered compliance costs, greater control over products, more big engines, more pickup trucks. These are just some of the changes investors expect from the rollback of fuel economy rules and the elimination of fines. Data indicate pent up demand for pickup trucks, and many automakers are bringing back V-8 engines. At the same time, hybrid vehicles are surging, and electric vehicles have longer term structural demand in their favor.
Chapters:
0:00 Introduction
01:23 Chapter 1: New rules
03:01 Chapter 2: Why this matters
04:52 Chapter 3: Challenges
06:22 Chapter 4: Fuel efficiency
Produced by: Robert Ferris
Edited by: Darren Geeter
Camera by: Ryan Baker
Animation: Jason Reginato, Emily Park
Senior Managing Producer: Tala Hadavi
Additional footage: Getty Images, Ford, GM
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Why Fuel Economy Rollbacks Will Spur More Trucks, More V-8 Engines
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U.S. chip manufacturing faces a shortage of up to 157,000 skilled workers by 2030, a matter of concern for companies like Samsung.
Schools including Purdue and Arizona State have new semiconductor degree programs, and all the biggest chipmakers are investing millions to create pipelines of U.S. chip talent.
CNBC’s Katie Tarasov has the details. Watch the related video for full report.
source
CNBC’s Michael Wayland takes a first look at electric vehicle startup Slate Auto’s modular $25,000 pick up trucks. The cars are affordable and basic, with features that buyers can customize. That includes turning the truck into an SUV. The vehicles had more than 150,000 refundable reservations before their release, despite waning consumer demand in EVs in the U.S. The company is about to find out if the truck can disrupt the market.
Reporting by: Michael Wayland
Produced and Camera by: Natalie Rice
Edited by: Darren Geeter
Senior Managing Producer: Tala Hadavi
Additional Footage: Slate Auto
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About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Want to get ahead at work? Then you need to learn how to make effective small talk. In CNBC’s new online course, How To Talk To People At Work, expert instructors teach you how to use everyday conversation to gain visibility, build meaningful relationships and advance your career. Sign up now: https://cnb.cx/4sGlSkh
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CNBC Takes A First Look At Slate Auto’s $25,000 Modular Cars
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AI data centers are driving unprecedented demand for electricity and putting renewed pressure on America’s power grid to modernize its equipment and develop greener, more efficient sources of power. Google, Meta, Microsoft and Amazon are all spending millions of dollars on local infrastructure upgrades and companies like SpaceXAI are even building off-grid power plants to power their data centers.
Google says its planned 780-megawatt data center in Pine Island, Minnesota, could offer a model for powering the AI boom. In a proposed agreement with Xcel Energy, Google says it will support 1,900 megawatts of new wind, solar and battery capacity, while minimum payments and exit fees are intended to protect local ratepayers if demand falls short.
CNBC examines whether projects like Pine Island can make the grid cleaner without shifting costs to existing customers, why some energy experts argue that smaller data centers could make better use of infrastructure already in place, and how utilities’ financial incentives can complicate efforts to build less.
Chapters:
0:00 – 2:06 Introduction
2:07 – 4:49 Off-grid solutions
4:50 – 9:00 Upgrading the grid
9:01 – 11:44 Smaller data centers
Produced by: Jeffrey Kopp
Senior Director of Video: Jeniece Pettitt
Tech Correspondent: MacKenzie Sigalos
Edited by: Erin Black, Matt Soto
Camera: Donny Rowles
Animation: Jason Reginato, Emily Park
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About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Want to get ahead at work? Then you need to learn how to make effective small talk. In CNBC’s new online course, How To Talk To People At Work, expert instructors teach you how to use everyday conversation to gain visibility, build meaningful relationships and advance your career. Sign up now: https://cnb.cx/4sGlSkh
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The Race To Power AI Is Reshaping America’s Electric Grid
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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.