knowledge city saudiSaudi Arabia is the world’s largest oil exporter, but falling oil prices have hurt the economy and made it harder for the country to pay its oil workers.

To give its economy a boost, the Saudi Arabian government has been working in recent years to transform hundreds of square miles of desert into new cities that create jobs and diversify the economy away from crude oil.

One of the developments under construction is the Knowledge Economic City, set to be complete by 2020.

Take a look at the master plan below.

SEE ALSO: Saudi Arabia just announced plans to build a $500 billion mega-city that’s 33 times the size of New York City

Saudi Arabia is building the Knowledge Economic City in Medina, located 60 miles from the Red Sea coast.

Amr Dabbagh, Governor of the Saudi Arabian General Investment Authority, announced the project in 2006.

Source: The Knowledge Economic City Company

The$7 billion development will measure 51.6 million square feet when complete.

The city’s master plan calls for retail, office space, and over 1 million square feet of housing.

See the rest of the story at Business Insider