Crown Prince Mohammed bin Salman announced the coming creation of a $500 billion business and industrial megacity that links Saudi Arabia, Egypt, and Jordan together by focusing on growth in the energy, water, biotechnology, manufacturing and entertainment sectors. A total of 10,000 square miles (25,900 square kilometers) of land will be dedicated to the new city, named NEOM. The move is the latest addition to the Kingdom’s Vision 2030, which aims to eliminate Saudi Arabia’s reliance on oil and gas revenues to run its government. That’s a tough goal for the world’s largest oil exporter, but three years of low oil prices from prolonged supply gluts have made it certain that 50 years from now, fossil fuels won’t be able to bolster the nation’s economy as they have in the past. “This place is not for conventional people or conventional companies, this will be a place for the dreamers […]