Schedule: Knowledge Economic City Developers is in negotiation with consultants for the project. Construction is expected to begin by the second quarter of 2009. Knowledge Economic City will be built in phases. The project is expected to take ten years.
Scope: This 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 Madinah and the developer claims it will generate 20,000 new job opportunities.
Client: MMC Group; Saudi Binladin Group
Estimated value: US $3 billion
Schedule: Construction of the city is imminent and will be completed in phases until the end of 2020. Phase one will take an estimated 30 months to complete. In November 2007, Aluminum Corporation of China (Chalco) signed an agreement with Malaysia’s MMC Corporation and the local Saudi Binladen Group to develop a one million tonne-a-year aluminum smelter in the city.
Scope: Jizan Economic City is located 725km south of Jeddah by the Red Sea. The city comprises residential, commercial and industrial zones.
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