Arab Parliament Selects NEOM as Best Arab Project

Visitors watch a 3D presentation during an exhibition on NEOM in Riyadh, Saudi Arabia, October 25, 2017. (Reuters)
Visitors watch a 3D presentation during an exhibition on NEOM in Riyadh, Saudi Arabia, October 25, 2017. (Reuters)
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Arab Parliament Selects NEOM as Best Arab Project

Visitors watch a 3D presentation during an exhibition on NEOM in Riyadh, Saudi Arabia, October 25, 2017. (Reuters)
Visitors watch a 3D presentation during an exhibition on NEOM in Riyadh, Saudi Arabia, October 25, 2017. (Reuters)

The Arab Parliament has selected the Saudi city of NEOM as the best Arab project to achieve sustainable development in 2022.

NEOM was chosen for promoting the concept of the future and sustainable development, as one of the models for building generations, creating smart cities, and supporting efforts to preserve the environment.

NEOM, located in the far northwest of the Kingdom in the Emirate of Tabuk, is a Saudi project aimed at building the first cognitive city with world-class technology. It was launched by Crown Prince Mohammed bin Salman in October 2017 and stretches over an area of 460 kilometers on the Red Sea coast.

NEOM recently announced the building of a new city called The Line, which is projected to become a global hub for generating clean energy.

A model for extraordinary living, The Line will paint a revolutionary picture for what future communities would look like and how they would come to live in harmony with nature, NEOM CEO Nadhmi Al-Nasr said in an interview with Asharq Al-Awsat last month.

He added that the pedestrian city would offer an attractive environment for innovators, entrepreneurs and investors.

An official statement said construction would start in Q1 2021 on the project, which is expected to contribute $48 billion to the Kingdom's GDP and provide 380,000 job opportunities by 2030.



Exports from Libya's Hariga Oil Port Stop as Crude Supply Dries Up, Say Engineers

A general view of an oil terminal in Zueitina, west of Benghazi April 7, 2014. (Reuters)
A general view of an oil terminal in Zueitina, west of Benghazi April 7, 2014. (Reuters)
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Exports from Libya's Hariga Oil Port Stop as Crude Supply Dries Up, Say Engineers

A general view of an oil terminal in Zueitina, west of Benghazi April 7, 2014. (Reuters)
A general view of an oil terminal in Zueitina, west of Benghazi April 7, 2014. (Reuters)

The Libyan oil export port of Hariga has stopped operating due to insufficient crude supplies, two engineers at the terminal told Reuters on Saturday, as a standoff between rival political factions shuts most of the country's oilfields.

This week's flare-up in a dispute over control of the central bank threatens a new bout of instability in the North African country, a major oil producer that is split between eastern and western factions.

The eastern-based administration, which controls oilfields that account for almost all the country's production, are demanding western authorities back down over the replacement of the central bank governor - a key position in a state where control over oil revenue is the biggest prize for all factions.

Exports from Hariga stopped following the near-total shutdown of the Sarir oilfield, the port's main supplier, the engineers said.

Sarir normally produces about 209,000 barrels per day (bpd). Libya pumped about 1.18 million bpd in July in total.

Libya's National Oil Corporation NOC, which controls the country's oil resources, said on Friday the recent oilfield closures have caused the loss of approximately 63% of total oil production.