The Neom giga-project in Saudi Arabia currently uses one-fifth of all the steel produced in the world, an official said on Monday.
The city of the future will be the world’s largest consumer of building materials for several decades, said Manar Al Moneef, Neom’s chief investment officer.
He told the Global Logistics Forum at the King Abdullah Financial District in Riyadh that this 500 billion project will be one of the best in the world in the field of global transportation in the coming years.
“Neom will be the biggest customer in the next ten years. If you look at our demand in transportation, it is 5 percent of the transportation market in the world,” he told the forum, with rare public opinion.
Here’s the full story, via Mike Doherty.
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