Tuesday, June 12, 2007

Prince Plans $300 Billion Metropolis in Saudi Arabian Desert

by A. Craig Copetas from Bloomberg

Prince Fahd bin Sultan will begin construction this year on what is intended as a showcase for a new Saudi Arabia: a $300 billion multicultural metropolis designed to lure 700,000 inhabitants from around the globe. The construction of this and 5 other megacities scheduled for completion by 2020 will be funded by oil revenue ... en route to a meeting with Prince Fahd, is Lebanese construction mogul and New Tabouk architect Bahaa Hariri, the son of assassinated Lebanese Prime Minister Rafiq Hariri.

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