King Abdullah Economic City (KAEC)

King Abdullah Economic City (KAEC) Last Updated: Apr 20, 2009
Client	\|	Emaar Properties PJSC	Actual Value: 50bn USD King Abdullah Economic City (KAEC)
Country	\|	Saudi Arabia
Category	\|	Buildings
Project Type	\|	Residential Development
Project Duration	\|	From: Q2 2006 Estimated To: Q1 2020 Estimated

Status	\|
Scope	\|	King Abdullah Economic City (KAEC) is a massive development located in Rabigh, Saudi Arabia. The masterplan of the city shows the city will be divided into: Industrial Zone, Residential Zone, Sea Resort and Sea Port. The industrial zone covers an area of 63 million square metres. The zone will include facilities to operate and build plants and factories. The Residential zone covers an area of 51 square metres and will include low-, mid- and high-raise structure. On other hand, the Sea Resort provides built-up area exceeding 3.5 million square metres to be used to build hotels, residential apartments, golf resort, spas and water sports facilities. In addition to that, Sea Port provides 14 million square metres to build World-class port on Saudi Arabia?s west coast. The port will include 30 berths to serve global trade routes between Asia, Europe and Africa.
Schedule	\|	Construction started in 2006. The first phase of the project is expected to be completed by the end of 2009. The overall project will be completed in stages.
Remark	\|	The project and its several components will create up to 500,000 employment opportunities.

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King Abdullah Economic City (KAEC)