Al-Ahlam to build marina in KAEC
Jeddah, September 17, 2009
Al-Ahlam Marine Tourism Group (AMTG) will build, develop and operate a 23,000 sq m yacht club and marina in the Bay La Sun Village, the first integrated residential community within the King Abdullah Economic City (KAEC).
AMTG and Emaar, The Economic City (Emaar.E.C), the company developing KAEC, signed an agreement in this regard recently.
Fahd bin Abdul Mohsen Al Rasheed, board member and CEO, Emaar.E.C and Prince Abdullah bin Saud bin Mohammad Al Saud, board member of Tourism Development Council in Jeddah and president of Al-Ahlam Marine Tourism Group, signed the agreement.
Al Rasheed said: 'Building the marina will help create various investment channels within KAEC, the marina will represent a unique destination for water sports and activities, and work on enriching the lifestyle of residents”.
Prince Abdullah said: 'This significant investment is driven by our belief in KAEC as the up and coming resort destination in the kingdom. The marina facilities will accommodate vessels with lengths of 10 to 50 m. The yacht club will provide multiple dining venues, outdoor areas, and facilities to support different businesses and the expected size of the marina will be 23,000 sq m.
AMTG will undertake all the aspects of water sports such as fishing, sailing and water-skiing as well as the organization of water sports contests in the marina. It will also offer parking for variety of boats and a large range of rentals.
KAEC, the largest private sector project in the region, has six key components: sea port, industrial zone, central business district, educational zone, resort zone and residential communities. -TradeArabia News Service
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