King Abdullah Economic City (KAEC)
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4. Landbridge Project
Client: Saudi Railway Organisation (SRO)
Estimated value: US $10 billion
Schedule: Four consortia applied for the Build, Operate and Transfer contract and a winning group was announced in 2008. The project currently appears to be in limbo due to debate over the method of funding and the need to ensure it links into the planned GCC railway network.
Scope: The Landbridge is a 950km railway network. The railway will connect Jeddah on the Red Sea with Dammam city in the Arabian Gulf. The project will also include a 115km railway to connect King Fahd Industrial Port with Jubail Industrial City.
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5. Prince Abdulaziz bin Mousaed Economic City
Client: Rakiza Holding Company; Al-Mal Investment Company
Estimated value: US $8 billion
Schedule: Work is scheduled to begin in 2010 and will be completed in phases by 2022.
Scope: The project calls for construction of Prince Abdulaziz bin Mousaed Economic City in Hail. The city will cover 156 million m² and will have 12 distinct components for trade and services in sectors such as agriculture and food processing, mining, education, housing, and entertainment.
The developers aim to use the strategic location of Hail to build transportation infrastructure consisting of an international airport, a dry port, a supply chain centre and a multi-modal passenger station.
6. Knowledge Economic City (KEC)
Client: Knowledge Economic City Developers
Estimated value: US $8 billion
Schedule: Knowledge Economic City Developers is in negotiation with consultants for the project. Knowledge Economic City will be built in phases. The project duration is expected to be ten years. In July 2009, AECOM won a US $15 million contract to provide programme management services for phase one of the project.
Scope: The project calls for construction of Knowledge Economic City (KEC) in Madina, Saudi Arabia. The project’s land area is around 5 million m² and the total built up area is 9 million m².
The city is designed to help establish a catalyst for knowledge-based industries in Madina; the developer claims it will generate 20,000 new job opportunities.
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FEATURED COMMENT
Dear All, Could any body please advice the details of this project being run in Eastern Region? Main Contractor is JV of