It will provide more than 3 million square meters of space for various uses, 62,000 parking spaces and accommodation for 12,000 residents. and DP World sign MoU to KAEC Sea Port", "AME Info - Emaar, E.C. As of April 2016, 127 companies signed contracts to build and operate factories in the city. The multi-university campus is designed to accommodate 18,000 students, and a 7,500 faculty and staff members. Saudi Arabian Railway. To establish King Abdullah Economic City (KAEC) as a great enabler of socio-economic development in the Kingdom of Saudi Arabia OUR MISSION To create shareholder value through the sustainable development of KAEC as a globally competitive business destination, and by building communities that enrich the lives of its residents & visitors We are creating a next generation city for a new generation, "There is a satisfaction in being part of something you believe in, something that you can see grow and develop in real time. There might not be any banks yet in the King Abdullah Financial District, but on a sunny afternoon, the once-stalled development in Riyadh is … 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. Emaar The Economic City Growth in Sales and Development Projects in King Abdullah Economic City. This page was last edited on 1 January 2021, at 15:38. exhibition / hotel / multiple / office / residential / retail. The city is also aspires to help create up to one million jobs. Best Dining in King Abdullah Economic City, Makkah Province: See 53 Tripadvisor traveler reviews of 19 King Abdullah Economic City restaurants and search by cuisine, price, location, and more. . This development is being undertaken by the Rayadah Investment Corporation, the investment arm of the Pension Authority of Saudi Arabia, and will include fifty-nine high-rise towers for both residential and commercial occupation. Status. Parks and green spaces will be used extensively throughout the residential area. TRANSFORMING THE FUTURE. 156-677-124-442-2887. King Abdullah Financial District Metro Station. [11] These projects include:[12]. Freyssinet Saudi Arabia, to develop the Business Park at Bay La Sun Village. An equestrian club, yacht club and a range of water sports will also be constructed.[6]. RIYADH: The $11.6 billion King Abdullah Financial District (KAFD) is already being admired for being a smart city but nobody can tell when it will be completed.“Being a smart city… [8] The port is considered an important part in the transportation network that connects between the contents and delivers goods to around 400 million people in the Middle East. TELL ME MORE. Both of the areas received an overwhelming response from investors. The ArRiyadh Development Authority has announced that Zaha Hadid Architects will build the new King Abdullah Financial District (KAFD) Metro Station in Riyadh, Saudi Arabia. KING ABDULLAH ECONOMIC CITY has 5 employees across all of its locations. In 2011, it was the largest project in the world seeking green building accreditation. King Abdullah Economic City Apartment is located in King Abdullah Economic City and offers a restaurant, an outdoor swimming pool and a fitness center. Their facades, silhouettes, and rooftop gardens create activated, livable infrastructure of the city. Zaha Hadid Architects 20,434 m2 Concept. [citation needed], The city, along with another five economic cities, is a part of an ambitious "10x10" program to place Saudi Arabia among the world's top ten competitive investment destinations by the year 2010, planned by SAGIA. ... 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