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Egypt commits 1,000 sq km to Saudi mega-city

Public and private investment in the NEOM project, which spans across Saudi Arabia, Egypt and Jordan, is expected to eventually total US$500b

Visitors watching a 3D presentation during an exhibition on NEOM, a new business and industrial city, in Riyadh last October. The project will focus on industries such as energy and water, biotechnology, food, advanced manufacturing and tourism.


EGYPT has committed more than 1,000 square kilometres of land in the southern Sinai Peninsula to a planned mega-city and business zone unveiled by Saudi Arabia last October, a Saudi official said on Monday.

The territory along the Red Sea is part of a joint fund worth more...

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