The estate was sold by Prince Bandar bin Sultan, former ambassador to the U.S.
Moelis & Co.'s Eric Cantor said financial firms disrespecting women will be punished by customers.
Al Amoudi is the third-richest billionaire in the Middle East, with a fortune valued at $8.8 billion.
A climate of fear permeates the kingdom months after the government’s corruption purge.
A huge delegation led by Crown Prince Mohammed Bin Salman have occupied the hotel while on tour of the U.S.
The ambitious plan includes a bridge spanning the Red Sea, connecting the proposed city to Egypt and the rest of Africa.
Saudi Arabia wants to turn hundreds of kilometers of its Red Sea coastline into a global tourism.
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