03 Ramadan 1444 - 25 March 2023
  • Twitter Facebook Instagram Icon Linkedin Youtube Snapchat
Sign up for newsletter
Eye of Riyadh
Business & Money | Thursday 1 January, 2015 10:24 am |

KAEC prepares phase-two of Industrial Valley project

The King Abdullah Economic City (KAEC) is preparing the Industrial Valley phase- two land plots in continuation of phase one that is linked to King Abdullah Port. This comes by granting expert contractors to ensure a comprehensive infrastructure and sophisticated services that meet all the requirements of the industrial companies looking to invest in the Industrial Valley.

Work has already started on the ground and it is expected that the prepared land plots will be will be delivered to investors within 12 months.

Fahd Al-Rasheed, Group CEO and Managing Director of King Abdullah Economic City, expressed his satisfaction with the fast pace of sales and leasing processes for lands in the Industrial Valley, which indicates the trust of local and international investors in the promising opportunities offered.

Al-Rasheed said: "KAEC Industrial Valley is considered as the premier global destination for industries in the region due to the advanced infrastructure and integrated logistics services, together with its direct connection with King Abdullah Port, the Haramain Railway and the Saudi land bridge, a unique combination of transportation facilities that enable investors to establish a distribution network accessing the largest market in the region."

Al-Rasheed added that the city has already completed the processing of a number of industrial land plots which will be available for delivery during the month of January next year, all of which will be fully equipped with the necessary requirements in accordance with international standards.

Rayan Qutub, CEO of the Industrial Valley in King Abdullah Economic City, explained that investors in land of the Industrial Valley phase-two will benefit from the numerous service facilities available through specialized districts, such as the gas district that will be developed to provide natural gas for specific industries, and the technology Park that is master planned to host tier2 plus data centers, and which providing the ideal infrastructure and environment for innovation.

Affirming KAEC's success in attracting investors to the Industrial Valley, Qutub stated: "To date we have signed agreements with more than 80 national and global leaders focusing on six industrial sectors: pharmaceuticals, consumer foodstuffs/FMCG, logistics, plastics, building materials and automotive"

The Industrial Valley extends over an area of 55 million square meters, which constitutes nearly one-third of the total area of King Abdullah Economic City. It is capable of accommodating 2,000 industrial facilities, making it one of the key drivers of the Saudi economy. The second phase occupies an area of 20 million square meters, and the land plots are available as freehold or by lease.

© The Saudi Gazette 2015
Post Your Comment