Anyone heard of NEOM?

"Saudi Arabia is looking toward a post-oil future by sinking some US$500 billion into a massive, ultra-futuristic megacity project it calls Neom (or Neo-Mostaqbal; new future)."

"A commitment of $500 billion

by the Public Investment Fund

of Saudi Arabia and local and

international investors"

NEOM will be the world’s first independent international zone, with a regulatory

framework that will adopt world-class investment laws to support residents and

targeted economic sectors. NEOM will also adopt an autonomous judicial system

subject to independent regulations and legislation, which will be drafted by investors

in accordance with international best practice. NEOM will be independent of the

Kingdom’s existing governmental framework, excluding sovereign laws. Social

norms in NEOM will adopt leading practices to improve standards of livability for

its residents and visitors.