KING ABDULLAH ECONOMIC CITY PPO HRH PRINCE ABDULAZIZ Information

KING ABDULLAH ECONOMIC CITY KAEC, a New Age City being built today for tomorrow’s generation of Saudi citizens, has six components – sea port, industrial valley, educational zone, central business district with commercial, mixed-use, retail outlets and financial island, resorts and residential area. The mega-project works closely with the Kingdom’s on-going drive to expand the economy create employment opportunities for its youthful population and function as a catalyst to attract foreign investment, global trade, commerce and industry. Based on initial forecasts, the project and its several components will create up to one million employment opportunities in the various industries and service-oriented companies that will open in KAEC. It will also be home to 2 million residents. Emaar, The Economic City leads the master-planning and development of the 168 million sq m King Abdullah Economic City (KAEC), a project being built on a pristine location off the Red Sea in the north of Jeddah. SAGIA (Saudi Arabian General Investment Authority), the body responsible for inward investments into the Kingdom, is the prime facilitator for KAEC.