King Abdullah Economic City
The jewel in the crown of KSA’s Economic City development scheme, King Abdullah Economic City is the largest private sector project in the region.
| Area: |
168 million sq m |
| Investment Size: |
US$27 billion |
| Jobs: |
1 million |
| Population: |
2 million |
| Zones: |
Sea Port, Industrial Zone, Central Business District, Waterfront Resort Area, Education Zone, and Residential Zones |
| Focus: |
Ports, Logistics, Light Industry and Services |
Located off the Red Sea, between the two Holy Cities of Mecca and Medina and the commercial hub of Jeddah, King Abdullah Economic City (KAEC) is a dazzling metropolis that’s set to become one of the most important cities in Saudi Arabia. Home to two million people, when completed, it will be the size of Washington, DC.
A diverse and thriving metropolis
KAEC is a prime example of Saudi Arabia’s commitment to encouraging private sector driven development. With numerous incentives and measures in place to promote private sector participation, KAEC’s US$27 billion investment will be entirely funded by private capital - the largest private sector project in the region. The city is being built by a consortium headed by global real estate giant Emaar Properties and a select number of Saudi investors.
Key features
KAEC is made up of six integrated elements.
- Seaport
The seaport will be the region’s largest with a container capacity exceeding 10 million TEU and a specialty Hajj terminal.
- Industrial Zone
This will cover 40 million square meters and will be dedicated to industrial and light-manufacturing facilities, hosting up to 2,700 industrial tenants. International experts have been consulted to ensure that the industrial zone is line with environmental best practice.
- The Central Business District
KAEC will offer 3.8 million square meters of prime office and mixed-use commercial space and features a 14 hectare financial district which will be the region’s largest, playing host to the world’s leading banks and investment houses.
- Residential and Resorts
KAEC will be the ideal place to live and enjoy leisure time. Hospitality will be world-class with 25,000 hotel rooms planned in more than 120 hotels. KAEC will have 250,000 apartments and 25,000 villas. The retail component of KAEC will cover 8.7 million square meters and house over 50,000 shops.
- The Education Zone
Education in the city will be first rate, offering high quality, high-performance primary and secondary school education. A number of schools will cater to children in each community and a university campus will accommodate 18,000 students.
- Key business sectors
Saudi’s unlimited petroleum resources will provide low-cost feedstock for a range of petroleum derivatives including high-end plastics manufactured in the planned Plastics Valley for automotive, biomedical, construction and food packaging applications.
Elsewhere, the city’s state of the art port will make KAEC a global hub for light industries. With its close proximity to resource-rich Africa and the Middle East, the presence of innovative foreign and domestic industries and exceptional access to consumer markets in Europe, Africa and Asia, the city offers a wealth of opportunity.
For more information, please visit: http://www.kingabdullahcity.com/