Page 9 - KAEC PR REPORT

Page 9 - KAEC PR REPORT - OCTOBER 2024

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

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.

Al-Saif said that the natural gas delivery project and the water desalination plant in the city have been

completed, in addition to the opening of Al-Habib Hospital, a government kindergarten, an automobile
academy, a global academy, in addition to increasing the capacity of Prince Mohammed bin Salman
College.

The Rixos Emerald Shores Resort Project is scheduled to open by the first quarter of 2025, which
includes 540 hotel rooms, 36 villas, and a water park. The city continues to organize and host a variety of
cultural, economic, social, sports, and artistic events and activities.

(Syndigate.info).