King Abdullah Economic City in Saudi Arabia

23 September 2015 | Author/Destination: | Rubric: General, Green Buildings, Green Technologies, Intelligent Buildings, Living, Working, Building Reading Time:  8 minutes

Overview @ kaec.net

Overview @ kaec.net

King Abdullah Economic City (KAEC) is a megaproject announced in 2005 by Abdullah bin Abdulaziz Al Saud, the then king of Saudi Arabia. With a total development area of 173 km² (66.8 sq mi), the city is located along the coast of the Red Sea, around 100 km north of Jeddah, the commercial hub of the kingdom, the city will also be approximately an hour and 20 minutes away from the holy Islamic city of Mecca and 3 hours from Medina by car and an hour away of all Middle Eastern capital cities by plane. The total cost of the city is $86 billion (around SR 207 billion), with the project being built by the Tadawul-listed company Emaar Properties, a Dubai-based public joint stock company and one of the world’s largest real estate companies, and SAGIA (Saudi Arabian General Investment Authority) which is the main facilitator of the project. The city is divided into six main components: Industrial Zone, Sea Port, Residential Areas, Sea Resort, Educational Zone, and a Central Business District (CBD) which includes the Financial Island.   read more…

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