AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.
King Abdullah Economic City (KAEC) has launched the first sale of land plots in Beach Community 2 in Riyadh, Saudi Gazette has reported. "The first phase, Beach Community 1, which included 117 land plots, sold out almost immediately. We are expecting equally keen demand for the 370 plots we are offering in phase two," said Fahd Al-Rasheed, managing director and CEO of KAEC. Phase two buyers will be offered free of charge a choice of more than 20 pre-approved villa plans in the Arabian and Spanish architectural styles that characterise Al Murooj as a distinctive Mediterranean-type luxury coastal resort.