Saudi Arabia's Prince Mohammad Bin Salman has announced plans to build a new city on the coast of the Red Sea.
But this city is only for high-ups. Those who have money, they can buy a house here. This city of dreams will be beyond the reach of the middle class of the country.
The city project named 'Neom' will work independently from the existing government structure, said Saudi prince. The special feature of this city is that it is completely controlled by solar and robot. News Reuters.
In modern technology, the city will be completely free from social restrictions. He has planned this city out of religious conservatism to establish liberal Islamic rule in Saudi Arabia.
The Saudi government has spent more than $ 50 billion on the project to implement the city's project. Under the Neo-megacity project, the first house to build five palaces for the royal family has been signed.
However, a lot of Saudi people have a dream of purchasing one of their own homes, it will be completely incomplete. Emer al Hamdi, a government servant, also saw the same dream.
The question is bigger whether or not more than 12 million people will be able to fulfill their dreams of similar financial support like Amir.
35-year-old Hamdi spent most of his $ 2,770 a week to pay the debt, which he married and took a car. Hashim Khan Hamdi is away from saving money, wife Hanan and running the family of three children.
In Saudi, a house price of 250 square meters or 2 thousand 691 sq ft 7 to 8 million real. It is equal to one crore to two crore rupees in Bangladeshi currency. It is about 10 times the annual income of a country's low income. Those who do not have money like Hamdhi, their dream is going from the dream.
It is also very difficult to get the benefit of loan for homebuying in the purchase of homes. Saudi Arabia is the world's top oil producing country. At one time, the country's economy was petrledler.
Without any kind of taxation from the foreign dollar, most of the citizens were served from the swing to the grave.
In recent years, the Saudi government's budget disaster has been seen in the international market for falling oil prices. The world's largest exporters of oil exporters, walking on the path of reform, to relieve the dependence on oil exports and to bring economic diversification to the situation.
Yuvraj has announced the modernization of the economy, Mohammad Vision 2030 But the 32-year-old Prince has played a strong and speedy rehabilitation program. The Saudi people are looking into the suspicion of these activities of the Prince.
The suspicion is more susceptible to the purchase of luxurious yachts with a palace in France and $ 500 million with $ 300 million.