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Vision 2030: Saudi Crown Prince Unveils Dream City Project

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Crown Prince Mohammed bin Salman

[vc_row][vc_column][vc_column_text]This place is not for conventional people

Pushing ahead his Vision 2030, Saudi Crown Prince Mohammed bin Salman has unveiled plan to float the $500 billion mega-city on financial markets alongside oil giant Saudi Aramco. This is part of kingdom’s drive to diversify away from oil.

According to Arab News, the 26,500-square km business and industrial zone, named Neom, will extend into Jordan and Egypt. The Crown Prince chose to unveil the mega plan at a three-day Future Investment Initiative, conference being held in Riyadh on Wednesday. Nearly 4,000 delegates from around the world have participated in the conference.

Earlier on Tuesday Crown Prince Mohammed bin Salman had pledged to destroy “extremist ideologies” and return to a moderate Islam that is open to all religions.

The daily considered to be the mouthpiece of the Kingdom said, “The surprise announcement is the latest — and most extraordinary — in a slate of privatization programs led by the floating of oil giant Saudi Aramco. The sales are designed to boost the Saudi economy and create jobs for millions of young people.”

To be situated adjacent to Red Sea and the Gulf of Aqaba and near maritime trade routes of Suez Canal, the proposed mega city will serve as a gateway to the proposed King Salman Bridge, which will link Egypt and Saudi Arabia.

Vision 2030: Saudi Crown Prince Unveils Dream City Project

Neom will be independent of Saudi regulation and will adopt a “separate regulatory framework.”  The Crown Prince was quoted saying, “This place is not for conventional people or conventional companies. This will be a place for the dreamers of the world.”

The mega city will be fully owned by Saudi Arabia’s sovereign Public Investment Fund (PIF) until its listing, and will attract investments from companies in renewable energy, biotechnology, advanced manufacturing and entertainment.

Attracting foreign investors the Crown Prince said, “Without a doubt, at the end of the day Neom will be floated in the markets. The first zone floated in the public markets. It’s as if you float the city of New York.”

“It won’t be listed in the markets until the idea is mature enough,” he said. “It might be after 2030, it might be before, but the idea and the strategy is to float it eventually.”
One of the Saudi media outlets says that the project was part of the Vision 2030 plan to overhaul the economy of Saudi Arabia, OPEC’s largest producer, and provide jobs for an overwhelmingly young population amid a global oil price decline since 2014.

Earlier in August this year Saudi Arabia had unveiled an enormous tourism project spanning more than 160 kms of the Red Sea coastline that will include transformation of 50 untouched islands into “an exquisite luxury tourism destination”.[/vc_column_text][/vc_column][/vc_row]

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India closely monitoring situation in Iran, urges nationals to leave

India has advised its citizens in Iran to leave the country as authorities closely monitor the deteriorating security situation, with nearly 9,000 Indians currently residing there.

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The Indian government on Friday said it is closely monitoring the evolving security situation in Iran and has advised Indian nationals currently in the country to leave using available means. The Ministry of External Affairs (MEA) stressed that ensuring the safety and well-being of Indian citizens remains a priority.

Speaking during the weekly media briefing in New Delhi, MEA spokesperson Randhir Jaiswal said approximately 9,000 Indians are presently residing in Iran, with students forming the majority of the community. He said the government has issued multiple advisories in response to recent developments.

“In light of the situation, we have advised Indian citizens in India not to travel to Iran at this time, and those currently residing there have been asked to leave the country by whatever means are available,” Jaiswal said.

The spokesperson added that the government is maintaining close vigilance over developments and is prepared to take necessary steps for the welfare of Indian nationals.

Embassy advisories and travel warnings

The Indian Embassy in Tehran has issued an advisory asking Indian citizens — including students, businesspersons, pilgrims and tourists — to depart Iran through available transport options, including commercial flights, citing the evolving security environment.

Separately, the MEA reiterated its advisory urging Indians to avoid travel to Iran until further notice. It also recalled an earlier warning issued on January 5, advising Indian nationals in Iran to remain cautious and refrain from participating in protests or demonstrations.

Indian citizens in Iran have been asked to keep essential travel and identification documents, including passports, readily accessible. Those living in the country on resident visas have also been advised to register with the Indian Embassy.

Protests and regional tensions

The advisories come against the backdrop of nationwide protests in Iran, which began at Tehran’s Grand Bazaar in late December following a sharp fall in the Iranian rial. The demonstrations later spread across the country amid mounting economic challenges, including inflation, unemployment, power outages and water shortages.

Regional tensions have also risen amid international warnings of possible military action if the situation escalates further. These developments have prompted several countries, including India, to review travel advisories and safety measures for their citizens in Iran.

India has maintained long-standing ties with Iran, though officials have indicated that recent international trade-related announcements linked to Tehran are expected to have a limited impact, given the relatively small share of bilateral trade in India’s overall commerce.

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Trump calls it a wonderful gesture as Machado presents him Nobel Peace Prize medal

Donald Trump described it as a “wonderful gesture” after Venezuela’s opposition leader Maria Corina Machado presented him with her Nobel Peace Prize medal during a White House meeting.

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US President Donald Trump has described it as a “wonderful gesture” after Venezuela’s opposition leader Maria Corina Machado presented him with her Nobel Peace Prize medal during a meeting at the White House.

Trump praised Machado publicly after the interaction, saying she had been through “so much” and that the act reflected “mutual respect.” He said the medal was given to him for the work he has done, according to his post on his social media platform.

The gesture, however, has drawn attention as the Nobel Institute has clarified that a Nobel Peace Prize cannot be transferred to another individual.

Nobel Institute rules out transfer of prize

The Nobel Institute has stated that Machado is not permitted to give her Nobel Peace Prize to Trump. Despite this, a White House official confirmed that Trump intends to keep the medal, even if the act remains symbolic.

Trump has long expressed interest in the Nobel Peace Prize, making the episode particularly notable despite the formal limitations placed on such honours.

Political context behind the meeting

Machado had been widely regarded as Venezuela’s democratic leader-in-waiting before Trump’s recent policy decisions regarding the country. Earlier this month, Trump declined to fully back her challenge to Venezuela’s ruling regime and instead signalled openness to engaging with leaders linked to the existing power structure.

Trump has publicly questioned Machado’s ability to lead, saying she lacks sufficient support and respect within Venezuela. Her political party is believed to have won the 2024 elections, results that were rejected by President Nicolas Maduro.

Trump has also indicated a willingness to work with acting President Delcy Rodriguez, who previously served as Maduro’s deputy.

What Machado said after the meeting

Speaking to reporters after leaving the White House and heading to Capitol Hill, Machado said she presented the medal to the US president as recognition of his “unique commitment” to Venezuela’s freedom.

She added that Trump did not provide detailed assurances during their closed-door discussion, including on the issue of elections in Venezuela. No further specifics of the meeting were disclosed.

Afterwards, Machado greeted supporters gathered near the White House gates, hugging several of them. Addressing the crowd, she said they could count on President Trump, prompting brief chants of appreciation from those present.

Machado’s recent public appearance

Before her visit to Washington, Machado had largely stayed out of public view since travelling to Norway last month, where her daughter accepted the Nobel Peace Prize on her behalf. She had spent nearly a year in hiding in Venezuela before appearing at the ceremony.

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US freezes immigrant visa processing for 75 countries, India not in list

The United States suspends immigrant visa processing for 75 countries, excluding temporary visas, as part of stricter immigration measures.

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The United States has indefinitely suspended immigrant visa processing for 75 countries, targeting individuals seeking permanent residency based on nationality. The move, set to take effect on January 21, excludes tourist and temporary work visas, but is expected to have a significant impact on family-based immigration.

Reasons behind the visa freeze

The US State Department said the suspension aims to prevent the entry of foreign nationals likely to require government welfare and public benefits. “The Trump administration is bringing an end to the abuse of America’s immigration system by those who would extract wealth from the American people,” said State Department spokesman Tommy Pigott.

While the administration cites the risk of immigrants draining government resources, studies by the Cato Institute and other research groups suggest immigrants generally use fewer benefits than US-born citizens.

Who will not be affected

Temporary visas for tourists, business travelers, and sports fans remain unaffected. Exceptions are also allowed for individuals with dual nationality, a valid passport from a country not on the list, or travel serving an “America First” national interest. Approved visas that have not yet been printed must be refused according to the State Department.

Countries affected

The visa freeze covers nations across Africa, Asia, Latin America, the Middle East, and Eastern Europe. Some of the most affected countries include Pakistan, Bangladesh, Somalia, Russia, Iran, Afghanistan, Brazil, Nigeria, and Thailand.

Other countries on the full list include Albania, Algeria, Armenia, Azerbaijan, Bahamas, Barbados, Belarus, Belize, Bhutan, Bosnia and Herzegovina, Myanmar, Cambodia, Cameroon, Cape Verde, Colombia, Côte d’Ivoire, Cuba, Democratic Republic of the Congo, Dominica, Egypt, Eritrea, Ethiopia, Fiji, The Gambia, Georgia, Ghana, Grenada, Guatemala, Guinea, Haiti, Iraq, Jamaica, Jordan, Kazakhstan, Kosovo, Kuwait, Kyrgyzstan, Laos, Lebanon, Liberia, Libya, North Macedonia, Moldova, Mongolia, Montenegro, Morocco, Nepal, Nicaragua, Republic of the Congo, Rwanda, St Kitts and Nevis, St Lucia, St Vincent and the Grenadines, Senegal, Sierra Leone, South Sudan, Sudan, Syria, Tanzania, Togo, Tunisia, Uganda, Uruguay, Uzbekistan, and Yemen.

Trump administration immigration record

The Trump administration has already imposed stricter vetting procedures over the past year, revoking over 100,000 visas and deporting more than 605,000 people, with 2.5 million others leaving voluntarily. Critics highlight that the policy disproportionately affects immigrants from non-European countries.

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