As part of the 'Turquoise World' summer season and in line with the strategy to enhance the quality of life on its stunning beaches, King Abdullah Economic City (KAEC
In line with the strategy to enhance the quality of life on its beaches, King Abdullah Economic City (KAEC
) has announced the launch of its summer residential offering under the slogan "Own a Turquoise View and Get a Car Free."
"We are honoured that our partners Jamjoom Pharma chose to build the hospital in KAEC
. Their decision to do so stems from their confidence in the city's status, its ambitious future, and its strategic location which connects it to all western province cities in under an hour.
According to a statement from KAEC
, 20% of the contracts were for the development of the city's industrial valley and residential areas with its various utilities.
It is eventually expected to operate daily, by which time direct trips between Makkah and Madinah will take two hours, and trips between Makkah and Madinah stopping at Jeddah and KAEC
will take an additional 20 minutes, Saudi Gazette reported.
Emaar EC leads the master-planning and development of KAEC
, which is being built in the north of Jeddah.
The academy's headquarters will be its first branch located in KAEC
. The academy will be able to directly enrich the local aviation market, which is expected to require 3,000 employees by the year 2023.
Last month, KAEC
awarded Metito the contract for the design and construction of a seawater desalination plant powered by solar energy and valued at $60mn.
The ceremony was attended by Ahmed Ibrahim Linjawy, KAEC
deputy group chief executive officer, and Mutaz Ghandour, Metito chairman and CEO.
This initiative is part of KAEC
's annual 'Tomouh' (Ambition)
Among the leading companies which are establishing their presence in KAEC
and contributing to the overall economic and social development of the City, are USA's textile and plastic packaging firm Greif; pharma giants Pfizer and Sanofi Aventis; lubricants firm Total; Saudia Smart Technology Hub; Nesma Holding Co.
The target is to prepare KAEC
seaport to start receiving the first shipping lines by early 2013.