Monday 28 July 2014
 
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Economic City

$2.66bn projects to come up at KAEC

Saudi Arabia's King Abdullah Economic City (KAEC) has signed agreements with more than 70 international and local companies to establish projects worth more than SR10 billion ($2.66 billion) in various fields, an Arab News report said.

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KAEC offers 300 projects for investment

Saudi Arabia's King Abdullah Economic City (KAEC) has launched more than 300 investment opportunities for Saudi and non-Saudi investors with a total value of SR4 billion ($1.066 billion) in real estate and tourism sectors, according to a rep

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KAEC offers 300 projects for investment

Saudi Arabia's King Abdullah Economic City (KAEC) has launched more than 300 investment opportunities for Saudi and non-Saudi investors with a total value of SR4 billion ($1.066 billion) in real estate and tourism sectors, according to a rep

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New industrial city to boost Bahrain’s economy

Bahrain's new economic industrial city should be up and running by 2040 and make a major contribution to the kingdom's economy, creating job opportunities for citizens, said a senior government official. Industry and Commerce Minis

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Bahrain studies Economic City proposal

Industry and Commerce Minister Dr Hassan Fakhro chaired a meeting where a feasibility study was presented for a proposed Economic City, which is the brainchild of His Majesty King Hamad. Attending the meeting were representatives from the

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Saudi Emaar to obtain $1.3bn govt loan

Saudi developer Emaar Economic City will receive a 5 billion riyal ($1.33 billion) loan from the Saudi finance ministry in 2010, two sources familiar with the deal said. Emaar Economic City, affiliated to UAE-based Emaar Properties, is spe

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Saudi Emaar to get $1.3bn govt loan

Saudi developer Emaar Economic City, an affiliate of Dubai's Emaar Properties, will receive a long-term loan of around 5 billion Saudi riyals ($1.33 billion) from the Ministry of Finance, a source close to the deal said.   

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Cost drop speeds up construction

A 30 to 40 per cent fall in construction costs in Saudi Arabia is speeding up the development of Saudi Arabia’s Economic Cities. Although the economic downturn has lead to the shelving of a number of major projects elsewhere in the world,

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GCC economic cities 'major growth drivers'

Gulf Co-operation Council (GCC) members have recognised the need to develop their national economies beyond dependency on the oil sector. As a result, new economic zones are being introduced. The economic zones - designated areas in which

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CEMCCO wins $30.7m Emaar EC deal

Emaar, The Economic City (Emaar EC) has awarded SR115 million ($30.7m) contract to Saudi-based CEMCCO. The Tadawul-listed company’s contract with Saudi firm to develop infrastructural work within King Abdullah Economic City (KAEC)’s Indus

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