Core Insights - Emaar, The Economic City (EEC) has partnered with Al Tahaluf to develop two premium residential communities in King Abdullah Economic City (KAEC), aiming to enhance the coastal district and attract high-value investments aligned with Vision 2030 [1][5] Group 1: Project Details - The agreement involves the acquisition of 340 residential lots, with sizes ranging from 600 m² to 1,000 m² and built-up areas between 400 m² and 600 m² [2] - The villas will feature a tropical modernism design, offering four-to-five-bedroom layouts with resort-style living, expansive glass façades, and premium finishes [2][3] - The project is expected to attract buyers due to the Saudi Cabinet's recent decision allowing foreign property ownership in designated zones starting in 2026 [3] Group 2: Strategic Importance - The collaboration is part of EEC's strategy to attract foreign direct investment and enhance private sector participation, contributing to the economic diversification goals under Vision 2030 [5][6] - KAEC is positioned as a premier lifestyle destination, benefiting from world-class infrastructure and proximity to key locations such as Jeddah and the Holy Cities [4][5] - The project is set to launch villa sales by late 2025, with a formal design unveiling planned for Cityscape Global later this year [5]