Page 10 - KAEC PR REPORT - OCTOBER 2024

10/28/24, 11:18 AM Volume of investments accounts for $4.8bln in Saudi's KAEC - Summa Money

Volume of investments

accounts for $4.8bln in

Saudi's KAEC

THE DAILY EDITOR THE DAILY

JEDDAH — Makkah Deputy Emir Prince Saud bin Mishaal received Fahad Al-Saif,
chairman of Emaar, The Economic City, the main developer of King Abdullah

Economic City, at the emirate headquarters in Jeddah on Sunday.

During the meeting, Al-Saif provided an explanation of the latest developments in
the industrial valley and the economic city, saying that the city achieved

remarkable and unprecedented growth with the volume of investments
amounting to SR18 billion.

The deputy emir was briefed on the latest developments in the logistics and

industrial sectors in the city, which includes King Abdullah Port, the second largest
container handling port in the Kingdom with a capacity of up to five million

standard containers.

The city also includes the industrial valley adjacent to the port, which has
succeeded in attracting 120 national and international companies.

Prince Saud was also briefed on the latest developments in the automotive and

logistics industries sector in the Special Economic Zone (SEZ) in KAEC, which is the
largest in terms of area in Saudi Arabia, estimated at 60 million square meters.

The city’s strategic vision for developing the tourism and entertainment sector

was also reviewed, as the city works on three main tracks to develop and operate
more than 30 tourism and entertainment projects.

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