Neom City 2024. Saudi arabia's economy minister rejected recent reports that the kingdom's $1.5 trillion neom megaproject, a futuristic desert development on the red sea coast, is scaling. The construction will feature three new dams to.

Neom is a $us500 billion ($730 billion) infrastructure project and massive economic zone planned to be built in the saudi arabian desert. The new city faces financial challenges, leadership changes, and scrutiny over human rights.