Actually there are 2 bodies of water to the West of Saudi Arabia they are the Gulf of Aqaba and the Red Sea together they form a coastal border. (little bit of extra information for ya)
32 percent chance to look for something to look
Land value can mean very different thinks but it terms of this context they are talking about its worth. they are not gonna stack concrete building on a good piece of land that can be used for farming. Due to the fact that it is a urban area they make Ignore a golf course or some type of nature reserve so the land isn't harmed but instead put to good use.