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King Abdullah Economic City
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Riyadh
With a total development area of 173 km² (66.8 sq mi), the city is located along the coast of the Red Sea, around 100 km north of Jeddah, the commercial hub of the kingdom, the city will also be approximately an hour and 20 minutes away from the holy Islamic city of Mecca and 3 hours from Medina by car and an hour away of all Middle Eastern capital cities by plane. The total cost of the city is $86 billion (around SR 207 billion), with the project being built by Emaar, The Economic City. A Tadawul-listed company created from Emaar Properties, a Dubai-based public joint stock company and one of the world’s largest real estate companies, and SAGIA (Saudi Arabian General Investment Authority) which is the main facilitator of the project.
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