Saudi Arabia is planning to build a brand new economic region on the Red Sea with a spare $500 billion they had lying around.
The idea is startling, being based on a greenfield site and with everything brand new and clean. No more oil - the whole thing is to be powered by renewables and it seems to be aimed at the rich from other countries who might want to escape the squalor of real cities - sort of like a city-level gated community.
I doubt that too many ordinary Australian will be able to afford to buy in. Worth a look though, even if only for the stunning intro video on the primary website and for a glimpse at how one part of humanity may be living in the future.
http://discoverneom.com/
http://discoverneom.com/content/pdfs...RE_ENGLISH.pdf