By Admin 
Saudi Arabia has immense reserves of oil and produces the most black gold. In such a situation, now the Saudi Arabian government is afraid that the oil reserves may be exhausted, hence the Saudi government is spending trillions of dollars to settle the city of Neom. For this, the Saudi government has created Vision 2030 and under this, a city is being built which will be like a paradise for tourists and billionaires. The name of this city is Neom. Artificial snow is also being made in the desert by the government.
However, what the Saudi government had thought does not seem to be happening at the moment, because the city of Neom, which came to the world in the year 2016, is now fighting for its existence. It is costing a huge amount of 2 trillion dollars to build this 100 mile long city. For this reason Saudi is now retreating its steps.
Why did Saudi have to change its priorities?
Saudi Prince Mohammed bin Salman wants to shift the country’s economy from oil to tourism and industry. For this reason, Giga projects are being run in Saudi. However, now the Saudi government has changed its priority. According to a Saudi Arabian official, we have spent too much. He said that we ran 100 miles every hour, but now we are running at a loss. Therefore now we have to change our priority again.
The plan was to settle 90 lakh rich people
The Saudi princely government wanted to develop its area adjacent to the Red Sea as a paradise for tourism. There was a plan to settle about 90 lakh people in Neom city. The tower of Neom city is to be built 500 meters above sea level. It was to be built 200 meters wide and 170 km long. However, even after many years have passed, there has been a lot of delay in this.
Actually, when Prince Sarkar dreamed of settling Neom, the price of oil was 100 dollars, but now it is around 60 dollars. This has greatly affected Saudi’s earnings and due to this they have had to change their plans.
read this also
PM Modi will inaugurate celebrations to commemorate 150 years of ‘Vande Mataram’, will release postage stamp and coin