The Gulf Daily News reports that, "Custodian of the Two Holy Mosques King Abdullah yesterday laid the foundation stone for the third mega economic city in the kingdom - the 25 billion riyals ($6.66bn) Knowledge Economic City in Madina".
The new city will create more than 20,000 new jobs and will comprise the Taiba Technological and Economic Information Centre, an interactive museum on the Prophet's life, a centre for studies of Islamic civilisation, and another centre for medical studies, biosciences and integrated medical services.