Histoire de la Fin de la Croissance - Saudi Arabia plans a $100 billion mega-city to help end its oil dependence

The Saudi government says it will build a brand-new city on its western coast the size of Washington, DC — at a cost of about $100 billion. It's not imaginatively named — it's known as the King Abdullah Economic City, pronouned "cake" (KAEC) for short — but Saudi rulers hope it will become a powerful new economic engine for the kingdom.



“It’s designed specifically as an economic diversification plan for the Kingdom of Saudi Arabia," says Eric Reguly of Canada's Globe and Mail newspaper, who recently visited the under-construction city. "The whole idea is to get rid of the oil economy. ... Oil is getting cheap, and it’s also running out, it’s a finite resource. Saudi Arabia has the first or second biggest reserves in the world, so they’re not going to disappear in the next 10 or 15 years, but they will go down."

See it on Scoop.it, via Histoire de la Fin de la Croissance

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