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The King Abdullah Economic City's News
News 1 - 4 of 4 [Total 1 Pages]
King Abdullah Economic City hosts the Ambassador of Spain to Saudi Arabia Jeddah, Saudi Arabia; March 13, 2008: Emaar, The Economic City (Emaar.E.C), the Tadawul-listed company developing King Abdullah Economic City (KAEC), recently, welcomed a delegation of government officials and entrepreneurs from Spain. The delegation, led by the Ambassador of Spain to Saudi Arabia, Mr Manuel Alabart, asse... Read More
Economic City It will have huge buildings and tall skyscrapers. That will be an imprtant landmark in Saudi Arabia and Middle East. The project cost about 100 billion SAR = $ 26.6 billion. The basic driver of the city wil be 30 million. This project including international airport and railway line connects with the important cities in Saudi Arabia. The project is partnered by Emmar. Emmar is a t... Read More
As the sun bakes a desolate stretch of Saudi Arabia's Red Sea coast, construction crews are digging lagoons and planting palm trees along a wide boulevard. These are the modest beginnings of what is to become King Abdullah Economic City—a metropolis of 2 million people with a new university, an Islamic financial center, and a network of industrial parks, at a total cost of nearly $30 billion. I... Read More
The single largest private sector initiative in the Kingdom, KAEC is a SR100 billion (US$26.6 billion) project off the Red Sea Coast covering a Greenfield site of 55 million sq m. Saudi Arabian General Investment Authority (SAGIA), the body responsible for inward investments to the Kingdom, is the prime facilitator of KAEC. King Abdullah Economic City will undertake mixed-use developments in it... Read More
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