development 18
Building a new age city
King Abdullah Economic City, currently under development by
Emaar.E.C in Jeddah, is the largest private sector-led development
in Saudi Arabia, and the forerunner in ushering in a new era of
development prosperity for the Kingdom
Launched in 2005, and now powering ahead with development, components; Resort Zone, to include 12 four and five-star hotels;
King Abdullah Economic City (KAEC), north of Jeddah, covers Educational Zone; and Residential Communities offering 150,000
over 168 million square metres and is the single largest private apartments and 22,000 villas as well as a corniche and souks.
sector development in the Kingdom. Once completed, KAEC will create job opportunities for one
With a development value of over SR100 billion (US$26.6 billion), million people and will be home to over two million residents.
the mega-project is being undertaken by Emaar, The Economic “KAEC enjoys a strategic location advantage of being
City (Emaar.E.C), a Tadawul-listed company, with Saudi Arabian on the Red Sea coast. The greenfield land gives Emaar.E.C
General Investment Authority (SAGIA) as the prime facilitator. the opportunity to create a new city, including the entire
Phased development of the city will progress over a period of 20 infrastructure. It is also central to the two holy cities of Makkah
years, with a projected completion date of 2025. and Madina. KAEC will serve as a perfect complement to
Located on the Red Sea coast, KAEC has six key components: Jeddah, the commercial hub of Saudi Arabia,” explained Ahmed
the Sea Port; Industrial Zone; Central Business District, including Linjawy, executive director for business development and city
3.8 million square metres of office space and mixed-use management, Emaar.E.C.
PREVIEW Cityscape Saudi Arabia
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