SOUTHERN SHUNEH, Jordan – A $100 billion city-from-scratch in Saudi Arabia is to be completed by 2035 and will serve as the main logistics and manufacturing hub for countries on the Red Sea, the world’s “largest new emerging market,” said the CEO of the company in charge of the mega-project.
The business model of an entire city being built by the private sector was so unusual that it required adjustments in the beginning, said Fahd al-Rasheed, the Group CEO of Emaar Economic City, which is building the King Abdullah Economic City.
“Putting that first phase together is the most difficult

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