RABIGH / SAUDI ARABIA
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Overview
With a total development area of 173 km² (66.8 sq mi), the city is located along the coast of the Red Sea, around 100 km north of Jeddah, the commercial hub of the kingdom, the city is also going to be approximately an hour away from the holy Islamic cities of Mecca and Medina by car. And as reportedly an hour away of all Middle Eastern capital cities by plane. The total cost of the city is $80 billion (around SR 300 billion), with the project being built by Emaar, The Economic City. A Tadawul-listed company created from Emaar Properties, a Dubai-based Public Joint Stock Company and one of the world’s largest real estate companies, and SAGIA (Saudi Arabian General Investment Authority) which is the main facilitator of the project.
The city, along with other five economic cities, is a part of an ambitious "10×10" program to place Saudi Arabia among the world’s top ten competitive investment destinations by the year 2010, planned by SAGIA. The first stage of the city is planned to be completed in 2010, while the whole city is going to be fully completed by 2020. The city will help diversify the oil-based economy of the kingdom by bringing direct foreign and domestic investments. The city also will help create up to one million jobs for the youthful population of the country, where 40% of the population are under 15.
City Components
Industrial Zone
The Industrial Zone is estimated to cover 63 million m². The 4,400 hectares of land will be dedicated to industrial and light manufacturing facilities - identified as key growth drivers for the Saudi economy - and can now host 2,700 industrial tenants. The jobs created estimated to be in industrial and light industries (330,000); research and development (150,000); business and office (200,000); services (115,000); hospitality (60,000) and education and community services (145,000). The "Plastics Valley" planned within the zone will use raw materials readily available in Saudi Arabia to produce high-end plastics used in automotive, biomedical, construction and food packaging industries.
Sea Port
The Sea Port is estimated to cover 13.8 million sq meters, it will be the largest in the region with a capacity of over 10 million*twenty-foot equivalent units*(TEU) of containers per year. The port will have facilities to handle cargo and dry bulk, and will be equipped to receive the world’s largest vessels. Another key component of the Port will be a custom-built Hajj Terminal with a capacity to handle up to 300,000 pilgrims on their way to Mecca and Medina, the holy Muslim cities.
Residential Areas
The residential area is planned to include 260,000 apartments and 56,000 villas. It will be divided into smaller residential, commercial, and recreational areas. Parks and green spaces will be used extensively throughout the residential area. The area is estimated to be home for around half a million residents, and another ten thousand tourists. Each district would feature its own public amenities, such as mosques, shops and recreational venues.
Sea Resort
The Resorts Area will be designed to feature services and amenities, hoping to draw both local and international tourists. Set to become a major destination on the map of Saudi Arabia and the map of the Middle East as a whole. It will include hotels, shopping centers and other recreational facilities. The number of hotel rooms and suites are proposed to be 25,000 hotel rooms in more than 120 hotels. Among the tourist draws at the resort is an 18-hole golf course, with training facilities and driving range. An equestrian club, yacht club and a range of water sports will also be constructed.
Educational Zone
The Educational Zone is a part of plan to bring the Saudis capabilities and aspirations in technology to globally competitive levels. The Educational Zone is planned to consist of multi-university campus flanked by two Research & Development parks. The multi-university campus is designed to accommodate 18,000 students, and a 7,500 faculty and staff members.
Central Business District
The Central Business District (CBD) is planned to offer 3.8 million m² of office space, hotels and mixed-use commercial space. The Financial Island, within the CBD, has now been doubled in area to cover 14 hectares of land, which will be the largest regional financial nerve center for the world’s leading banks, investment houses and insurance groups.
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Mar 03, 2010
Delegates from 10 Countries Hold Networking Session 22 Members from Young Presidents Organization Visit KAEC
King Abdullah Economic City, Saudi Arabia – 3rd March, 2010 :
Twenty-two Young Presidents Organization (YPO) members from 10 countries networked at King Abdullah Economic City (KAEC) under the patronage of HE Amr Al Dabbagh, Governor of Saudi Arabian General Investment Authority (SAGIA), and Mr. Fahd Al-Rasheed, Chief Executive Officer and Managing Director of Emaar, The Economic City (EEC), the Tadawul-listed company developing KAEC.
Mr. Fahd Al Rasheed presented to the Young Presidents Organization the progress taking place in KAEC from 2007 till present date including an update on the handovers done on a wide range of residential units at Bay La Sun, land plots in the Industrial Valley, offices at the Business Park as well as a wide variety of retail space throughout the city. The Seaport at KAEC, added Al-Rasheed, located on the Red Sea, has been designed to play an essential role in linking Europe, Africa and Asia through two major international Maritime Navigations. Located in close proximity to Jeddah, Makkah and Madinah, KAEC Seaport will serve more than 250 million consumers across the region.
Peter Provenzano, Director of Supply core ME and a member delegate of the YPO said:” The [KAEC's] vision of success is world class; the implementation that you’ve started is very impressive. There is so no doubt in my mind that the city will be successful, because Saudi Arabia has the resources to materialize this world class vision.”
“I genuinely felt proud to be Saudi, knowing that a project of the scale and magnitude of King Abdullah Economic City is materializing in my country. The opportunities present in KAEC, as demonstrated, will yield excellent returns on investment and contribute to the economic growth and prosperity in the Kingdom”, commented Salman Al Jishi, Saudi YPO’s member, President of Salman Commercial Group and Head of the Industrial Committee at the Chamber of Commerce – Eastern Region.
YPO connects the world’s most successful young presidents and CEOs in a global business network but unlike any other in the world. Founded 60 years ago, YPO today unites and serves nearly 17,000 members through 200 branches in more than 100 countries around a shared mission: Better Leaders through Education and Idea Exchange.
KAEC is coming to life as a large number of companies and organizations, including Emaar, The Economic City have already started carrying out their daily operations from KAEC, as the first wave of residents are settling down in the city, becoming the core of KAEC's future communities.
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Feb 21, 2010
Prized ‘Hawadi Village’ Widens Global Recognition of King Abdullah Economic City
King Abdullah Economic City/Saudi Arabia – February 21st, 2010 :
Hawadi Village’s display of a proposed residential community was awarded “Best Virtual Reality Experience” at the 2010 annual exhibition of the National Association of Home Builders (NAHB) in the state capital of Nevada, Las Vegas. Hawadi Village is the planned community for middle-income families in King Abdullah Economic City (KAEC). It is the recent winner of “The Best Residential-Future Award” at ‘Cityscape Jeddah 2009’. Hawadi Village made an impact on the 1,000 exhibitors and 50,000 visitors at this year’s NAHB event, ensuring that the progress being made at KAEC is globally recognized and that the Kingdom of Saudi Arabia is securely at the forefront of design, planning and construction in the real-estate industry. Hawadi Village is being built on 9 million square meters of land and will comprise 22,000 residential units made up of a diverse range of apartments, townhomes and villas for up to 60,000 residents. The village is designed to give home owners a strong sense of community belonging. Its amenities, including convenience shops, recreation facilities and numerous mosques, which will be built in each neighborhood. In response to the award, Mr. Fahd Al-Rasheed, Chief Executive Officer and Managing Director of Emaar, The Economic City (EEC), the Tadawul-listed company developing KAEC said, “This is yet another significant achievement for Saudi Arabia. Winning the NAHB and the Cityscape Jeddah awards are indicative of the continued success in reaching important milestones towards the progress of KAEC.” Hawadi Village’s development team include 300 specialists from 15 global architectural and engineering firms. Mr. Al-Rasheed added, “We are designing and constructing Hawadi with the vision that premium living standards are to be within the financial means of Saudi working families.” Emaar E.C., now based in KAEC, had handed over in 2009 a wide range of residential units at Bay La Sun, land plots in the Industrial Valley, offices at the business park as well as a wide variety of retail space through out the city. A large number of companies and organizations have already started carrying out their daily operations from KAEC, as the first wave of residents are settling down in the city, becoming the core of KAEC's future communities. KAEC is coming to life as a city. NAHB, based in Washington D.C., is a trade association that promotes the policies that make housing a national priority in the United States. Since 1942, NAHB has been serving its members, the housing industry, and the public at large.
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Feb 16, 2010
King Abdullah Economic City Hosts a Delegation from Singapore's Top-Ranking Companies
King Abdullah Economic City, February 16th, 2010 :
King Abdullah Economic City (KAEC) has recently hosted a high-profile delegation from Singapore’s top companies accompanied by Mr. Bandar Al Thakil, Chairman of the Saudi-Singapore Business Council (SSBC).
The delegation were greeted by senior executives from Emaar, The Economic City (EEC), the master planner and main developer of King Abdullah Economic City. A visual and detailed presentation of KAEC’s mission and vision in attracting foreign investments to the Kingdom was presented to the visiting delegation. They were also briefed on the Industrial Valley’s offering of world-class infrastructure, urban planning and logistics.
“It was a unique opportunity for us to come and actually see this vast and prominent city (KAEC) which contributes to the development of the global economy to a large extent” said George Chan, Senior Executive at Singapore Business Federation. “KAEC will be the gate to the Middle Eastern market and will bring key investment opportunities that we can capitalize on in advancing intra-trade between Saudi Arabia and Singapore” he added.
Emaar E.C., now based in KAEC, had handed over in 2009 a wide range of residential units at Bay La Sun, land plots in the Industrial Valley, offices at the business park as well as a wide verity of retail space through out the city. KAEC is coming to life as a large number of companies and organizations have already started carrying out their daily operations from KAEC, as the first wave of residents are settling down in the city, becoming the core of KAEC's future communities.
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source :
http://www.kingabdullahcity.com/en/A...ws=KAEC%20News
The Master Plane :
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