Saudi Arabia's Building a $500 billion Mega-City and Will Run 100% on Renewable

[franco + 96]

$500 billion mega-city is 33 times size of New York City, This "renewable city" will connect to Jordan and Egypt and be powered completely by renewable energy.
 

[damirUSBiH + 327]

This is futuristic development and steady progress of the highest.

[Petar + 76]

It's like these people want to change the meaning of the word,"dream !" Sound so good.

[Pavel + 384]

Without any doubt, it's a good project.  But, my opinion is how  it comes with consequences like eviction of people.. .Someone has to live there, who?

[franco + 96]

Good deal for sustainable desert life in the Arabian. Been wondering how can make good use of natural energy in large scale and forget all these oil issues and climate change problems by non renewable.

[damirUSBiH + 327]

Renewables will secure our future. And, SA knows that.

[Petar + 76]

It looks like they're building a new Dubai

[franco + 96]

When one day oil economy comes to an end the Saudi plans will bite the sand.

[damirUSBiH + 327]

I like that bit on renewal energy but I don't get it why they are spending money on such a project. 

[franco + 96]

That's money after the last arrests in Saudi Arabia. A budget surplus.

[Pavel + 384]

So, maybe it means the end of fossil fuel:)

[Seleskya + 50]

They don't have the cash for this unless they conduct another purge of their elite. Meanwhile, watch inflation soaring ... up 3% now, and climbing on all these reforms. (VAT, fuel subsidy reform)

[Seleskya + 50]

oh wait ... here's how they'll help finance it: They're about to auction off the assets they purged from billionaires: 

https://www.reuters.com/article/us-saudi-saad-sale-exclusive/exclusive-saudi-arabia-prepares-to-auction-detained-billionaires-real-estate-cars-sources-idUSKCN1GA1MK?utm_source=applenews

[Rodent + 1,424]

1 hour ago, Seleskya said:

oh wait ... here's how they'll help finance it: They're about to auction off the assets they purged from billionaires: 

https://www.reuters.com/article/us-saudi-saad-sale-exclusive/exclusive-saudi-arabia-prepares-to-auction-detained-billionaires-real-estate-cars-sources-idUSKCN1GA1MK?utm_source=applenews

I always suspected those seizures would come in handy.

[Blockchainbull + 26]

well, that one was apparently 'legit' because creditors have been after this guy for years ... so money 'raised' won't go into govt coffers, but will pay off debt and legal fees

[Missy + 43]

25 minutes ago, Blockchainbull said:

well, that one was apparently 'legit' because creditors have been after this guy for years ... so money 'raised' won't go into govt coffers, but will pay off debt and legal fees

So there is some legitimacy in amongst all the corruption? FANTASTIC!