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Intel: Saudi Arabia Energy Ministry all in on $500 billion megacity

An agreement between the futuristic megacity and Saudi Arabia's Energy Ministry underscores the Kingdom's push for renewable energy and economic diversification.

Saudi Arabia’s Energy Ministry inked an agreement on Sunday expressing full support for the building and increased coordination of a $500 billion megacity on the Red Sea.

The memorandum of understanding, signed by the megacity project's chief executive officer Nadhmi Al-Nasr and the kingdom’s Energy Minister Prince Abdulaziz bin Salman Al Saud, underscored the country’s push for renewable energy and economic diversification.

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