KAEC opens new gate for factories
Jeddah, July 20, 2014
King Abdullah Economic City (KAEC) has opened a dedicated gateway to facilitate the movement of light and heavy vehicles in and out of the Industrial Valley.
The new Gate no 3 will allow direct access to the Industrial Valley via a shorter route and eliminate the interaction between the Valley’s tenants’ traffic and KAEC heavy duty construction vehicles, said a statement.
The launch has brings the total gaets to four that will serve as access points, including the Main Gate no 1 which is allocated for residents and visitors to the city, and Gate no. 2 for vehicles and construction machinery, while Gate no. 4 is dedicated for the King Abdullah port. A fifth gate, which will be adjacent to the Haramain railway station, is scheduled to open next year.
Fahd Al-Rasheed, managing director and CEO, said: “With the tenants’ newly constructed residences becoming occupied, facilities becoming fully operational and the development of Phase 2 underway, the amount of traffic in and out of the Industrial Valley has increased to the point where it is essential to allow tenants to enjoy independent direct access separated from light and heavy vehicles.
“In effect, the new Gate 3 will reduce the heavy traffic load on the city’s Main Gate, which is the point of access for the owners of villas and town houses in KAEC’s upscale residential districts.”
“We have attracted more than 70 national and international companies to invest in the Industrial Valley, which has made it a major base for manufacturing and distribution operations that are supported by an advanced infrastructure, world class facilities and strategically important logistics and transportation systems,” said Al-Rasheed.
“We are confident that these factories will achieve our objective to provide many job opportunities for Saudi Arabian youth and I am pleased to say that a number of companies are currently offering training programmes for cadres of talented Saudi nationals,” he said.
The direct link between the Industrial Valley and King Abdullah Port in KAEC makes the Valley a global logistical hub and an access point to reach 250 million consumers in the Mena, making it one of the key drivers of the Saudi Arabian economy. - TradeArabia News Service