Saudi Arabia's Neom project, a $500 billion futuristic city, is utilizing one-fifth of all steel produced globally. According to Manar Al Moneef, the project's chief investment officer, Neom will be the world's largest customer for construction materials in the coming decades. The project's massive demand for steel, cement, and other materials has significant implications for the global logistics sector.

Source: https://www.agbi.com/giga-projects/2024/10/neom-uses-one-fifth-of-worlds-steel/