KAEC, Al-Hareth sign deal for Industrial Valley
King Abdullah Economic City, August 4, 2013
King Abdullah Economic City (KAEC) recently signed a contract with Salem Saleh Al-Hareth (SSH), a top Saudi trade and contracting company, to perform grading and earthworks for the second phase of the Industrial Valley.
The project was awarded for a cost of worth SR66 million ($17.6 million) and is scheduled to be completed by February 2014.
The signing contract was between Fahd Al-Rasheed, managing director and CEO of KAEC and Leslie Jameson, general manager of SSH.
"Salem Saleh Al-Hareth (SSH) was selected among other contractors because of its long experience and in-depth knowledge in infrastructure, its insurance for speed of delivery, maintaining the highest degree of accuracy, reliability and complying with the highest international standards,” said Al-Rasheed.
"KAEC supports investors and venture capitalists willing to invest in the Industrial Valley with a variety of owning and long-term leasing options. This enables them to benefit from many of the main services offered by the city, for instance, the ease of issuing permits and licenses, and the possibility of providing qualified manpower through training centers for Saudi talents.
“The availability of housing solutions within the vicinity of the Industrial Valley and the direct link with King Abdullah Seaport makes the Industrial Valley a global logistical hub and an access point to reach about 250 million consumers in the Middle East and North Africa, not to mention the availability of Haramain Railway station in KAEC and the future land bridge,” he added.
King Abdullah Economic City recently launched phase II of the Industrial Valley on an area of 22 million sq m after the completion of the 3.5 million sq m phase I development with all infrastructure. – TradeArabia News Service