The King Abdullah Economic City will be have an estimated cost of $86 billion. Located a little over an hour away from Mecca, the city is sure to become a grand new tourist attraction for Saudi Arabia. The city will include a couple of high CLASS HOTELS, many luxury villas, some prestigious universities, and a massive airport.The KAEC is mostly being built by the real estate group Emaar Properties. They are well known for building the world’s tallest building, the Burj Khalifa, in downtown Dubai.