Media ININ Economy We Trust
Media In / Riyadh 11 November 2018
Saudi Arabia’s King Abdullah Economic City (KAEC) has signed new contracts for construction and development worth QR1.2 billion in 2018, covering several sectors in the city.
The amount allocated to the development of the industrial valley and residential areas and facilities of the value of contracts about 20%, while 80% of the value of contracts to develop the experience of customers of the city residents, investors, employees and visitors, through the establishment and development of a range of projects and services and products in a number of areas Especially the tourism sector, entertainment and global sports, pointing out that the proportion of national companies and institutions of the total value of contracts exceeded 90%.
The industrial valley has attracted more than 110 national and international companies so far, and the capacity of King Abdullah Port has reached 3.4 million containers annually. He added that the city’s investments in the quality of life sector will continue through the development of more than 10,000 residential units and land Now divided into 6 residential neighborhoods.
