Page 40 - Construction Vision Sep-Oct 2017 issue

The Knowledge Economic City in Madinah.

The Knowledge Economic City in Madinah. This $7 billion project
across 4.8million sq m, will create 20,000 new jobs and be

home to around 200,000 people. It will include an education

-entertainment Islamic theme park, shopping complex, hotels
and public transport. The master developer is Quad International.

nowledge Economic City is keen on applying the highest
international standards within an integrated and efficient
Kdevelopment system focusing on enriching the value of its
projects within the City and providing a better livelihood for its
inhabitants. This occurs by identifying the important focus points of
the land of the project and the dissemination of vital elements in the
entire project, including educational, entertainment and commercial
services to make it easier for the residents of the City for movement
within it.
Madinah's population has recently crossed the 1 million mark and is
officially the 4th largest city in Saudi Arabia, growing ahead of the
national average at around 3.4% per year and expected to double in
the next 20 years. On the other hand, around 6-8 Million Muslims
visit Madinah every year, and the number is expected to reach 34
Million by 2024.

Economic indicators coupled with the mega projects mentioned
above will have a significant quantitative and qualitative impact on
the economy of Madinah generating sustainable tremendous
demand for all types of products and services.

38 CONSTRUCTION VISION SEPTEMBER - OCTOBER