Dammam-Amlak
The lands of the Beach 2 neighborhood in Al Murooj area in King Abdullah Economic City, which is considered the most prestigious neighborhood in the city overlooking the Red Sea, which was announced recently, witnessed an unprecedented demand by citizens and investors looking to obtain residential lands in prestigious locations, which led to the sale of all lands from the first, second, third and fourth phase. In two separate events held in the cities of Riyadh and Jeddah.
Fahad Al-Rasheed, Managing Director and CEO of King Abdullah Economic City, expressed his delight at this great success, stating: «Today we are witnessing another important step in the development and construction of King Abdullah Economic City. We are proud that we were able to sell all the lands, which clearly reflects the conviction and confidence of investors and the business sector in the important value offered by the economic city at all levels, and that it is the ideal destination to live, work and invest because of the elements that qualify it for this.» He added that this remarkable success prompts us to assure our valued customers that we are ready to launch new phases that will be announced soon. Al-Rasheed pointed out that in response to the increasing demand for residential lands and properties in the economic city with the influx of investments, business owners and projects, integrated residential solutions have been adopted at appropriate prices. Al Murooj is the most prestigious neighborhood in King Abdullah Coastal Economic City, which extends over an area of 4.9 million square meters, and includes three main areas: Al Manzil residential units, the golf neighborhoods, which surround the 18-hole golf course, and the beach neighborhoods. Residents in Beach District 2 will have the opportunity to enjoy 1 kilometer of sandy beaches with a 40-meter-wide beach with an integrated pier that includes gazebos.

King Abdullah Economic City (KAEC) is one of the most important and largest privately managed economic projects in the Middle East and is centered around the establishment of a 168 million square meter integrated city on the Red Sea coast north of Jeddah. It also includes King Abdullah Port, various coastal residential areas that will suit different income levels and segments of society, equipped with high-quality infrastructure and surrounding public facilities and services, as well as educational and medical facilities with the opening of schools (World Academy) with a total capacity of 2250 students.

With a total capacity of 2250 students.