Saudi Arabia offers more than only Neom City; its ambitious Crown Prince Mohammed Bin Salman intends to build the nation as a whole, not just the Kingdom.

As he tries to build multibillion dollar enterprises and go beyond his present bounds, he has handed Egypt a tremendous opportunity. The plan, according to Luxury Launches, is to purchase Ras Ghamila, a well-liked Red Sea tourist destination.

 According to a source who spoke to Middle East Eye, Saudi authorities offered to use the enormous $10.3 billion in central bank accounts held by the kingdom. Egypt supports this approach, which will give Saudis immediate access to foreign currency.

Mohammed Bin Salman looks towards Ras Ghamila on the Red Sea, Egypt, after Neom.


The Egyptian government brought up the $35 billion Emirati Bay el-Hekma contract, which included $11 billion in pre-existing deposits. Ras Ghamila is a roughly 860,000 square metre high-value crucial area of pristine land. By utilising Ras Ghamila's natural beauty and its proximity to the Tiran and Sanafir Islands, Saudi Arabia intends to enhance tourism between Sharm el-Sheikh and Neom in Saudi Arabia.

Saudi Arabia is quickly becoming the ultimate tourism destination of the future with the construction of the $1.5 trillion Neom City, which will host spectacular projects like the mind-blowing The Line, sumptuous Sindalah Island for sea lovers, and a year-round ski community called Trojena.

The dream projects are progressing so quickly that, despite rising costs, they are not willing to slow down.