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King Abdullah Economic City Development Project

  • OnGoing Project
  • Saudi Arabia
  • Telecom, Urban Construction, Education, Hotels, Industrial Projects., Leisure, Marine Services & Seaports, Power and Energy, Building, Roads & Infra, Sewerage & Wastewater, Water

Development of King Abdullah Economic City comprising six major elements, including a millennium seaport, an industrial district, a waterside resort, a financial island, a residential district and an educational zone. This project will be developed over an area of 173 square kilometres between Jeddah and Rabigh on the Red Sea. It will have a sea port, with capacity to handle up to 10 million 20-foot equivalent units, as well as industrial and business districts, a waterfront resort area and residential zones. Among the other major elements in the project include a $5 billion aluminium smelter, a $4 billion education zone offering primary and secondary-level schooling, as well as a university and a $1 billion international airport at Rabigh. Up to 25,000 hotel rooms are planned for the city, spread across more than 120 hotels. The central business district will include a 140,000 square metre financial district. The scheme is planned to be implemented in various stages and have six major elements: 1) Millennium Seaport - To be built over an area of 13.8 square kilometres, 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 capacity to receive up to 300,000 pilgrims each season; 2) Industrial District - To be built over an area of 63 square kilometres, it will be dedicated to industrial and light manufacturing facilities. It can 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. 3) Sea Resort- This resort will be designed to feature services and amenities, hoping to draw both local and international tourists. It will include hotels, shopping centres and other recreational facilities. The number of hotel rooms and suites are proposed to be 25,000 in more than 120 hotels. It will also include 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. 4) Central Business District- This district is planned to offer 3.8 square kilometres of office space, hotels and mixed-use commercial space. The Financial Island within the Central Business District has now been doubled in area to cover 14 hectares of land, which will be the largest regional financial nerve centre for the world’s leading banks, investment houses and insurance groups.

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