This new, ambitious plan by the Saudi Crown Prince may involve Israel
Arab media has reported on a series of grandiose projects by the crown prince, all under the title "Saudi Vision 2030". The first was the futuristic technological city project "NEOM" (short for "neo-mustaqbal" - future in Arabic) in the Tabuk region, located entirely not coincidentally in the northwest of the kingdom, near the Red Sea.
The "NEOM" project itself is located as close to Eilat as possible, which suggests that Israel is supposed to participate one day, and on a declarative level, it is intended to create economic cooperation with Egypt and Jordan - two countries that have already signed peace agreements with Israel.
All these projects were planned shortly before and during the normalization of Israel with the UAE and Bahrain.
The normalization requirements of the Saudi kingdom from Israel are known. The day after the war in Gaza, Israel might have to assess how bin Salman's economic vision integrates with the promotion of local projects: the rehabilitation of Gaza and the promotion of the economy in the Gaza Strip and Judea and Samaria.
https://www.jpost.com/middle-east/article-792645
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Iran proxies or no, the establishment of regional cooperation between Sunni Arab states and Israel is continuing unimpeded.