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Seoul to invite Saudi crown prince in Q4 for Korean role in NEOM and reactor projects


The Saudi crown prince, the second to the king, could be leading a delegation to South Korea in November for talks with the government and corporate officials with a focus on the ambitious desert megacity and nuclear reactor project.

The NEOM project under construction in Tabuk Province in northwestern Saudi Arabia is budgeted at $500 billion to create carbon-free and smart towns, ports, enterprise sectors, and other venues over a land of 26,500 square kilometers. It is planned for initial completion in 2025 and final completion in 2030.

Builders around the world are vying to win residential, energy, and engineering orders for the megacity project. So far, Chinese firms have been sweeping up the initial batch of network and other infrastructure building projects.

Read the full story at Pulse