/مدينة الملك عبدالله الاقتصادية/ مشروع استثماري مشترك بين اعمار

Dec 20, 2005 - 04:29 -



دبي في 20 ديسمبر/وام/ بحضور خادم الحرمين الشريفين الملك عبدالله بن عبدالعزيز ال سعود ملك المملكة العربية السعودية الشقيقة والفريق أول سمو الشيخ محمد بن راشد ال مكتوم ولي عهد دبي وزير الدفاع وصاحب السمو الملكي الامير سلطان بن عبدالعزيز ال سعود ولي العهد نائب رئيس مجلس الوزراء وزير الدفاع والطيران والمفتش العام السعودي وصاحب السمو الملكي الأمير سلمان بن عبدالعزيز أمير منطقة الرياض .. أعلن اليوم في الرياض عن اقامة مشروع استثماري مشترك بين شركة اعمار العقارية والهيئة العامة السعودية للاستثمار أطلق عليه /مدينة الملك عبدالله الاقتصادية/ بتكلفة تصل الى 100 مليار ريال سعودي.
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Sheikh Mohammed bin Rashid and King Abdulla annouce today King Abdullah Economical City.

How come this didnt get any attention? :runaway:

From the horse's mouth (i.e., Emaar) :D
Somebody post this in main international projects forum.

Source: http://www.emaar.com/MediaCenter/PressReleases/December20.asp

‘King Abdullah Economic City’ launched by Custodian of The Two Holy Mosques

Riyadh, December 20, 2005: In what is considered the single largest private sector investment in Saudi Arabia, the announcement of the ‘King Abdullah Economic City’ to be built at a pristine location off the Red Sea in the north of Jeddah with an investment of SR100 billion ($26.6 billion), is a signal of the dawn of a new era of economic prosperity for the citizens of the Kingdom.

The project, which will be a New Age City being built today for tomorrow’s generation of Saudi citizens, was officially launched by The Custodian of the Two Holy Mosques King Abdullah bin AbdulAziz AlSaud in the presence of HRH Prince Sultan bin Abdulaziz AlSaud, Saudi Crown Prince, Minister of Defence & Aviation and Inspector General, and His Highness General Sheikh Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai & UAE Defence Minister and several dignitaries.

“The King Abdullah Economic City will be another jewel in the crown for Saudi Arabia and a shining example of what can be achieved for the common good when two brotherly nations get together for ever closer co-operation,” said HH General Sheikh Mohammed. “I am certain that what will be achieved through this project will create its own chapter in the annals of the GCC.”

The King Abdullah Economic City will be a multi-stage development with construction beginning on Wednesday, 21 December, 2005. This mega project will closely integrate itself into the Kingdom’s on-going drive to expand the economy, create employment opportunities for its youthful population and function as a catalyst to attract foreign investment, global trade, commerce and industry. Based on initial forecasts, the project and its several components will create up to 500,000 employment opportunities in the various industries and service-oriented companies that will open in the City.

The City will be a mixed-use development located north of the commercial hub of Jeddah to ensure easy access from the Holy Cities of Makkah and Madina. A massive 55 million square metres of greenfield land with a 35 km shoreline close to the industrial city of Rabegh has been earmarked for the master development. The City will have six distinct components – a modern world-class Seaport, Industrial District, Financial Island, Education Zone, Resorts and The Residential Area. Completion of the overall project will be done in stages with the first batch of businesses and residents moving into the City in a period of 24 to 36 months.

Emaar Properties, the world’s largest real estate company in terms of market capitalisation, is the master developer of this ambitious project, the biggest outside of its home market of the UAE. SAGIA (Saudi Arabian General Investment Authority), the apex body responsible for inward investments into the Kingdom, is the prime facilitator for the development.

SAGIA’s Investor Service Centre will facilitate the provision of services to potential investors. The Centre is SAGIA’s “one-step” solution aimed at minimizing the number of formal steps associated with investment in the Kingdom.

Central to the mega project is the creation of a 2.6 million square metre new Millennium Seaport similar in size to the world’s top 10 ports, such as Rotterdam, that would allow even the world’s largest super vessels to drop anchor. With its strategic location on the Red Sea and the instant access to key cities within Saudi Arabia, the port will have a designated area for light industry and logistics and be a natural platform for onward movement of goods to Europe, Africa, Asia and beyond. The port will have an integrated transport system with seamless high speed transitions from sea to rail, road and air, making the City the main gateway to the central and eastern provinces as well as the entire Kingdom.

The port, with its close proximity to the two Holy Cities of Makkah and Madina, will have a dedicated Hajj terminal that can receive over 500,000 pilgrims every season. To cater to the pilgrims’ every need, there will be adjoining hotels, medical centres and other world-class amenities.

The second component of the City – The Industrial District – will cover 8 million square metres, and is exclusive to the requirements of a range of manufacturers – small, medium and large scale industry. They will represent sectors such as downstream petrochemicals, pharmaceuticals, research and development activities as well as a host of educational institutions that will prepare young Saudis for the jobs that the City will bring in. A sizeable area has also been set aside to develop accommodation for employees and their families.

The waterside Resort will serve up a most compelling mix of waterfront hotels and boutique residences. The master plan envisages 3,500 well-appointed hotel and residential bedrooms and suites, premium villas, plus an extensive retail element and an international-class signature 18-hole golf course and an equestrian club.

The fourth element of the City will be the Financial Island, conceived to be a ‘city within a city’ for financial institutions. The Island will offer 500,000 square metres of office space for the leading international and regional financial entities, business hotels and a new exhibition and convention centre. Up to 60,000 professionals are to operate from the Financial Island on a daily basis.

Financial Island will be topped by two towers reaching up to 100 and 60 storeys that offer compelling views of the surrounding city skyline.

Three residential districts form the fifth component of the new City. The first district wraps itself around a town centre, which will be a blend of the traditional and the modern. The second district will have a corniche as its main theme. It is in keeping with this concept that the district will ‘curve’ around a top-of-its-class marina and yacht club with 450 boat moorings. The souq and retail elements will contribute 350,000 square meters of prime space. Around 75,000 residents are expected to live here. The third district will be a secluded residential community set on an island on a choice water location.

The sixth component is the Education Zone which comprises of Universities, Schools and Research & Development Centres.

Headed by Emaar, a group of giant Saudi and UAE companies has been formed to facilitate investments for the project. The group includes companies such as: Aseer Company for Trade, Tourism, Industry, Agriculture, Real Estate and Construction, as well as Saudi Binladen Group. 30% of the equity of the company will be offered in an IPO in due course.

“It is no coincidence that the City is being formally launched, as Saudi Arabia has now become a part of the World Trade Organisation. The City is one of the most impressive projects Saudi Arabia has attempted in the New Millennium. The fact that we were able to move ahead with this project on a fast track basis shows that Saudi Arabia is moving ahead with confidence to transform the economy and build more sustainable prosperity for its citizens,” commented His Excellency Mr. Amr Al-Dabbagh, SAGIA Governor.

He explained that this project will have a major role in attracting the Saudi and foreign investment and assured that all necessary licensing procedures will be done within one week of application in coordination with other concerned government departments. Al-Dabbagh also stressed that the project will fulfil SAGIA’s ambitious plans and it will help promote Saudi Arabia as an international investment destination while pushing forward the Saudi economy into a new phase of adapting international standards. The private sector involvement in this project will create huge job opportunities, with no additional cost on the Saudi government except for the services and facilities, which will be provided by SAGIA and other government departments.

“It is also in keeping with the spirit of co-operation that binds the fraternal countries of the GCC, that the City brings closer Saudi Arabia, the UAE and the Emirate of Dubai to work towards a common endeavour. SAGIA is proud to be part of this important milestone in the epoch-making moment for our Kingdom and the GCC,” Al-Dabbagh said.

Mr. Mohamed Ali Alabbar, Emaar Chairman, said: “The six components - seaport, industrial district, education zone, financial island, resorts and the residential area - of the City - will work seamlessly together to make it an important global destination and a focus area for the development of both heavy and light industry, services in various sectors and bring in a greater level of local investment as well as regional and international Foreign Direct Investment into the Kingdom and thus more job opportunities for Saudi youth.

“This City will be a world class location to work, live and play and a shining example for Saudi Arabia’s transformation into a global economic powerhouse and further consolidate its position as the Middle East’s largest economy.”

“In the past decade, Emaar Properties has built experience and knowledge on how to transform the power of ideas into reality. The company is now honoured to be part of the great leap forward that brings together the people of Saudi Arabia and the UAE,” Mr. Alabbar said.

“The King Abdullah Economic City with it six distinct components is a project whose time has come. It will add tremendous value to the on-going economic reform process driven by the Saudi Government and bring a host of opportunities aimed at the prosperity of Saudi citizens,” Mr. Alabbar concluded.

Prior to the launch phase, SAGIA had taken a number of steps to ensure a successful launch of the biggest economic city in the Middle East, including a case study of similar examples such as Yanbu, Al-Jubail, Dubai, Ireland and Malaysia. Constructing a private sector financed economic city, is one of the successful strategies to achieve a regional, balanced and sustainable development. Cities have already been identified within a number of regions in Saudi Arabia to establish international, export-oriented industries including Hakkel (in the North West), Jazan (in the South), Ras Elzor (in the East), Rabegh (to the West), and Hayel (in Mid North).

A committee of international consultants was entrusted to study the economic feasibility of the project. With positive results, Rabegh city has been chosen because it already has major ongoing projects, a strategic location on the Red Sea close to international maritime routes, and instant access to key cities within Saudi Arabia (Makkah, Al Madina, Yanbu and Jeddah).

The development of these areas comes as one of the main six strategic roles for SAGIA which include the realization of balanced economic development for regions. This is hoped through the promotion of investments in sectors with a competitive advantage to help accelerate growth within the respective regions and in order to curb migration to larger cities. SAGIA’s other five roles include:

1. Facilitation: SAGIA’s promise to investors begins by providing comprehensive transactional support services that transcend licensing and extend through to the completion of a project and beyond.
2. Investor-to-Opportunity Matchmaking: Targeted and focused matchmaking defines SAGIA’s marketing and promotion activities.
3. Special Incentives for Entrepreneurs: Feeding the leaves and branches of a healthy economy requires cultivating an entrepreneurial spirit. SAGIA does this by partnering with The Centennial Fund, a national, non-profit foundation dedicated to mentoring and funding Saudi entrepreneurs.
4. Dedicated Sector Services: SAGIA offers its comprehensive investment facilitation package to all investors seeking opportunities in any of the economy’s open sectors. To maximize the Kingdom’s competitive advantages and set the stage for further economic diversification, however, SAGIA dedicates sector-specific resources and services in Strategic Business Units.
5. Pro-Business Advocacy: Being competitive in the global economy means a business environment characterized by healthy practices, policies, and procedures.

26.6 BILLION DOLLARS!!! Is this the biggest such project EVER????

btw, this is from the article:

Financial Island will be topped by two towers reaching up to 100 and 60 storeys that offer compelling views of the surrounding city skyline.

$26.6 BILLION: Emaar plans new city near Jeddah
Posted: Tuesday, December 20, 2005

http://www.tradearabia.com/source/2005-12/20/city.jpg

Riyadh

Emaar, a Dubai-based developer, and the Saudi government have unveiled a massive $26.6-billion project to build a residential and commercial complex near Jeddah. The project will be called the King Abdullah Economic City.

The project is the single largest private sector investment in Saudi Arabia, Emaar officials said.

The project is expected to create 500,000 new jobs, said the officials.

An Emaar-led consortium made up of Saudi and Emirati companies, including the Saudi Bin Ladin construction company, will be the main investor in the development.

'The King Abdullah Economic City will be another jewel in the crown for Saudi Arabia and a shining example of what can be achieved for the common good when two brotherly nations get together for ever closer co-operation,' said General Shaikh Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and UAE Defence Minister.

“I am certain that what will be achieved through this project will create its own chapter in the annals of the GCC.”

The Saudi Arabian General Investment Authority (Sagia) will act as project co-ordinator, Emaar said, adding that a 30 per cent equity stake in the development company will be later floated on the stock market.

The Saudi government has earmarked a 55 million sq m greenfield land and a 35-km shoreline close to the industrial city of Rabegh for the development.

Included in the project is a new port, an industrial park, a 3,500-unit residential and hotel complex and a facility that will serve up to half-a-million pilgrims arriving by sea each year on their way to the holy city of Makkah.

The King Abdullah Economic City will be a multi-stage development, with construction beginning tomorrow.

Sagia Governor Amr Al Dabbagh said The City “is one of the most impressive projects Saudi Arabia has attempted in the New Millennium”.

Emaar chairman Mohamed Ali Alabbar said the City “will be a world class location to work, live and play and a shining example for Saudi Arabia’s transformation into a global economic powerhouse and further consolidate its position as the Middle East’s largest economy”.

Shaikh Mohammed, the Custodian of the Two Holy Mosques King Abdullah bin AbdulAziz Al Saud and Prince Sultan bin Abdulaziz Al Saud, Saudi Crown Prince, Minister of Defence and Aviation and Inspector General, were among those attending the project's launch ceremony.

The announcement of the ‘King Abdullah Economic City’ is a signal of the dawn of a new era of economic prosperity for Saudi citizens.

The project will be a New Age City being built today for tomorrow’s generation of Saudi citizens,
officials said.

This mega project will closely integrate itself into the Kingdom’s on-going drive to expand the economy, create employment opportunities for its youthful population and function as a catalyst to attract foreign investment, global trade, commerce and industry.

Based on initial forecasts, the project and its several components will create up to 500,000 employment opportunities in the various industries and service-oriented companies that will open in the City.

The City will be a mixed-use development located north of the commercial hub of Jeddah to ensure easy access from the Holy Cities of Makkah and Madina.

The City will have six distinct components – a modern world-class Seaport, Industrial District, Financial Island, Education Zone, Resorts and The Residential Area. Completion of the overall project will be done in stages with the first batch of businesses and residents moving into the City in a period of 24 to 36 months.

Emaar Properties is the master developer of this ambitious project, the biggest outside of its home market of the UAE. SAGIA is the prime facilitator for the development.

SAGIA’s Investor Service Centre will facilitate the provision of services to potential investors. The centre is Sagia’s “one-step” solution aimed at minimizing the number of formal steps associated with investment in the Kingdom.

Central to the mega project is the creation of a 2.6 million square metre new Millennium Seaport similar in size to the world’s top 10 ports, such as Rotterdam, that would allow even the world’s largest super vessels to drop anchor.

With its strategic location on the Red Sea and the instant access to key cities within Saudi Arabia, the port will have a designated area for light industry and logistics and be a natural platform for onward movement of goods to Europe, Africa, Asia and beyond.

The port will have an integrated transport system with seamless high speed transitions from sea to rail, road and air, making the City the main gateway to the central and eastern provinces as well as the entire Kingdom.

The port, with its close proximity to Makkah and Madina, will have a dedicated Hajj terminal that can receive over 500,000 pilgrims every season. To cater to the pilgrims’ every need, there will be adjoining hotels, medical centres and other world-class amenities.

The second component of the City – The Industrial District – will cover eight million square metres, and is exclusive to the requirements of a range of manufacturers – small, medium and large scale industry.

They will represent sectors such as downstream petrochemicals, pharmaceuticals, research and development activities as well as a host of educational institutions that will prepare young Saudis for the jobs that the City will bring in. A sizeable area has also been set aside to develop accommodation for employees and their families.

The waterside resort will serve up a most compelling mix of waterfront hotels and boutique residences. The master plan envisages 3,500 well-appointed hotel and residential bedrooms and suites, premium villas, plus an extensive retail element and an international-class signature 18-hole golf course and an equestrian club.

The fourth element of the City will be the Financial Island, conceived to be a ‘city within a city’ for financial institutions. The Island will offer 500,000 square metres of office space for the leading international and regional financial entities, business hotels and a new exhibition and convention centre. Up to 60,000 professionals are to operate from the Financial Island on a daily basis.

Financial Island will be topped by two towers reaching up to 100 and 60 storeys that offer compelling views of the surrounding city skyline.

Three residential districts form the fifth component of the new City. The first district wraps itself around a town centre, which will be a blend of the traditional and the modern. The second district will have a corniche as its main theme. It is in keeping with this concept that the district will ‘curve’ around a top-of-its-class marina and yacht club with 450 boat moorings. The souq and retail elements will contribute 350,000 square meters of prime space. Around 75,000 residents are expected to live here.

The third residential district will be a secluded community set on an island on a choice water location.

The sixth component is the Education Zone which comprises of Universities, Schools and Research & Development Centres.

Headed by Emaar, a group of giant Saudi and UAE companies has been formed to facilitate investments for the project.

The group includes companies such as: Aseer Company for Trade, Tourism, Industry, Agriculture, Real Estate and Construction, as well as Saudi Binladen Group. 30% of the equity of the company will be offered in an IPO in due course.

“It is no coincidence that the City is being formally launched, as Saudi Arabia has now become a part of the World Trade Organisation,” said Sagia Governor Amr Al Dabbagh.

“The fact that we were able to move ahead with this project on a fast track basis shows that Saudi Arabia is moving ahead with confidence to transform the economy and build more sustainable prosperity for its citizens,” he said.

He explained that this project will have a major role in attracting the Saudi and foreign investment and assured that all necessary licensing procedures will be done within one week of application in coordination with other concerned government departments.

Al Dabbagh also stressed that the project will fulfil SAGIA’s ambitious plans and it will help promote Saudi Arabia as an international investment destination while pushing forward the Saudi economy into a new phase of adapting international standards.

The private sector involvement in this project will create huge job opportunities, with no additional cost on the Saudi government except for the services and facilities, which will be provided by SAGIA and other government departments.

“It is also in keeping with the spirit of co-operation that binds the fraternal countries of the GCC, that the City brings closer Saudi Arabia, the UAE and the Emirate of Dubai to work towards a common endeavour,” Al Dabbagh said.

“SAGIA is proud to be part of this important milestone in the epoch-making moment for our Kingdom and the GCC.”

Emaar chairman Mohamed Ali Alabbar added: “The six components - seaport, industrial district, education zone, financial island, resorts and the residential area - of the City - will work seamlessly together to make it an important global destination and a focus area for the development of both heavy and light industry, services in various sectors and bring in a greater level of local investment as well as regional and international Foreign Direct Investment into the Kingdom and thus more job opportunities for Saudi youth.

“In the past decade, Emaar Properties has built experience and knowledge on how to transform the power of ideas into reality. The company is now honoured to be part of the great leap forward that brings together the people of Saudi Arabia and the UAE,” Alabbar said.

“The King Abdullah Economic City with it six distinct components is a project whose time has come. It will add tremendous value to the on-going economic reform process driven by the Saudi Government and bring a host of opportunities aimed at the prosperity of Saudi citizens,” Alabbar concluded.

Prior to the launch phase, Sagia had taken a number of steps to ensure a successful launch of the biggest economic city in the Middle East, including a case study of similar examples such as Yanbu, Al Jubail, Dubai, Ireland and Malaysia.

Constructing a private sector financed economic city, is one of the successful strategies to achieve a regional, balanced and sustainable development. Cities have already been identified within a number of regions in Saudi Arabia to establish international, export-oriented industries including Hakkel (in the North West), Jazan (in the South), Ras Elzor (in the East), Rabegh (to the West), and Hayel (in Mid North).

A committee of international consultants was entrusted to study the economic feasibility of the project. With positive results, Rabegh city has been chosen because it already has major ongoing projects, a strategic location on the Red Sea close to international maritime routes, and instant access to key cities within Saudi Arabia (Makkah, Al Madina, Yanbu and Jeddah).

Yeah! Great news. Another new city like Jubail and Yanbu. But this one is for the diversification of the Saudi economy.

مشالله مشروع كبير
الله يوفقهم

How come this didnt get any attention? :runaway:

It's because it was annonced only few hours ago :D




I saw amazing renders of this project. It should be on the newspapers tomrrow.





BTW, there's another mega scale project will be announced soon.

waw, that's a massive project .. good luck

Would this be one of those renders?

http://tinypic.com/iwj9xs.jpg

I just read in an Arabic forum that the project will be developed by,

Saudi Investment Authority
Emaar - UAE
Saudi Emaar
Savola
Aseer
Fowzan Co.
Mohaidib
Dallah
Soigroup
Saudi Bin Laden
Aisaaiy
Al Babtain

And 30% will be offered to the public.


Nothing is certain yet!!

Included in the project is a new port, an industrial park, a 3,500-unit residential and hotel complex and a facility that will serve up to half-a-million pilgrims arriving by sea each year on their way to the holy city of Makkah.

The King Abdullah Economic City will be a multi-stage development, with construction beginning tomorrow.

Sagia Governor Amr Al Dabbagh said The City “is one of the most impressive projects Saudi Arabia has attempted in the New Millennium”.



tomrrow!!!

http://www.alarabiya.net/staging/portal/Archive/Media/2005/12/20/1953561.jpg




Malec,
No the render I saw on TV is different. I saw a huge tower in the middle of the project that reminds me of Dubai Tower.

http://www.emaar.com/Images/KAC_banner_tcm3-1870.jpg
thes is great to see EMAAR do some things in JEDDAH even anywhere in ksa :)
i realy fond of these company

http://www.emaar.com/Images/KAC_banner_tcm3-1870.jpg

That's a lot of money. But it's not the largest sum ever that is spent on a project, but maybe for residential and commerical, yes.

I coneted googel maps one by one
its soo far jeddah may 50km or more
http://tinypic.com/iwomu0.jpg

50 km isnt that far and the location is great :okay:

Actually, Saudi Guy,

Rabigh is a lot further away than that. It's about half way, between Jeddah and Yanbu. About 150-200kms away.

Google map of Rabigh (http://maps.google.com/maps?q=Jiddah+Saudi+Arabia&ll=22.753388,39.017258&spn=0.150387,0.328114&t=k&hl=en)

Rabigh refinery is in the south, the port is in the middle, and the little town of Rabigh is in the north east.

Well.. Rabigh has been earmarked as the next industrial city for a while now, and with the Petro-Rabigh petrochemical project steaming ahead, development of Rabigh is already well under way.

I think today's deal brings Emaar's razzmataz to the project. Their involvement is mainly in the residential and commercial part of the project. They're there to make the industrial side more attractive by adding that extra dimension and diversity. On Emaar's side, they get a big foothold in the Saudi market, by being a lead developer on this project.

BTW What are Emaar planning to do with the big plots they bought in Jeddah (in the old airport lands auction)? They paid a LOT of money for them.

^ they didnt announce those things in the UAE

what an original name!

anyway sounds and looks good....Its good to c Saudi finally using their billions into these types of projects :cheers:

BTW What are Emaar planning to do with the big plots they bought in Jeddah (in the old airport lands auction)? They paid a LOT of money for them
you mean that??
http://tinypic.com/iwq4af.jpg

this project is very promising ;)

Hey hijazzey and saudi guy for the land of the old air port there is going to be 3 main projects:

-مخطط النخيل (the one you posted a pic for being built by al-oula)
-مخطط النسيم (i have NO! idea about what it is... )
-مخطط جوهرة البابطين (the website of the project isnt very promising... there isnt many renders about it... but i know its going to have a huge shopping mall.. rumor has it the 2nd biggest shopping mall in the mid-east!)

thats all about... but about emaar... actually i have NO! idea what it purchased... because me personally i made a deal with a guy to buy a 1 million squaremeter land in the old airport next to the 3 projects, its going to cost me around 40-50 US million dollars (ill pay the guy on a 5 year term, if not at then end of 2006 dont ask me whats the project you will know at the end of the year 2006) anyways the guy who i'm buying the land from is the one that gave me this information he told me he has no clue about what emaar is gonna do with the land... the land he is selling he says he bought it from emaar.

something u guys would surely love to know is! well... the land im buying has a license to build towers of 25 - 30 floor! thats great! apparently all of the ground of the old airport is capable of building 25 floor towers and up, so for al-oula project guys believe me those are skyscrapers! because the land im purchasing is kinda like after the big auction happend i think emaar did the job of preparing the land for the building of skyscrapers (thats my guess!) because the land left in the old airport isnt a lot!.... so i have no clue what emaar is gonna do if the land left isnt very big...

Emaar bought something like 50-60% of the Nakheel subdivision. They struck a deal with al-Oula before the auction, and bought them at a fixed price.

I coneted googel maps one by one
its soo far jeddah may 50km or more
http://tinypic.com/iwomu0.jpg

i find that stupid to build so far... that is if we remove the fact of it being built as a key city connecting many main cities....

its very far... i really dont thinks its the cost of the land that is the problem... because i had an offer of buying a 400 000 sqm land in dahban on the cornish for 3 million us... (thats very cheap guys believe me)... for a 25-30 billion us dollar project its not a lot...

in my opinion they should have built it in north of jeddah... next to that resort project i keep forgeting its name :D....

thought if ill take it personal im happy hahahaha... because im thinking of purchasing a part of the land in dhahban next to the airport thought the only thing annoying me IS! the airport... i hear people living around airports dont really like it... and im thinking of making a skyscrapercity based of hejazi architecture but with a touch of modern glass ;). the land now im gonna/will(inshallah) purchase are 1.3 million sqm in the old airport, and 2 million sqm in the south of jeddah on the cornish (next to fawaz al-saud project) i personally wonder why they went so far to build al bunduqiya... paying a few more riyals on the land won't really make a difference...

Emaar bought something like 50-60% of the Nakheel subdivision. They struck a deal with al-Oula before the auction, and bought them at a fixed price.

thanx i didnt know that...

Hi safaqa tijariya,

welcome to the forum. Sounds like you're our resident tycoon :D, j/k

anyway,

Rabigh's location is excellent. It is near the midpoint between Jeddah, Yanbu, and Medina, with excellent road connections to all 3 (and soon rail as well). It has also been an industrial centre for a long time now. You've got the refinery, oil terminal, cement factory, and large power station. And Aramco and Sumitomo are proceding with PetroRabigh, which is largest single construction of an integrated refinery-petrochemicals complex. So it's a perfect choice for a new industrial city.

What's happened now, is they said, while we're at it, let's expand it more and give it more general appeal, and turn it into a commercial and leisure project as well as industrial.

In any case, it is very important to spread development across the country. Our country is already too centralised as it is, with everything put in Riyadh. We're not a city state like all those gulf countries.

Next up, is to develop something in the south. Probably Jizan.

such a hug project, i luuuuuuuuuuv it

These are some pictures of the project, the first one was correctly posted previously, the second one is according to AFP, from Yahoo News.

http://tinypic.com/iwj9xs.jpg

http://us.news3.yimg.com/us.i2.yimg.com/p/afp/20051220/capt.sge.puc61.201205165327.photo00.photo.default-384x239.jpg?x=380&y=236&sig=UHTfwb_LgHhi843l3F_QLQ--

-مخطط جوهرة البابطين (the website of the project isnt very promising... there isnt many renders about it... but i know its going to have a huge shopping mall.. rumor has it the 2nd biggest shopping mall in the mid-east!)


yes in fact they now under constricon 1-AL Nakhel 2-AL Andalus Mall 3-unknow EXCEPT AL Nakhel
http://tinypic.com/ixfg1y.jpg

http://tinypic.com/ixfhpz.jpg
unknow Project
http://tinypic.com/ixfhxe.jpg

They finaly put image for unknow Project in the big bord
http://tinypic.com/ixfi4m.jpg

Sauid Guy,

Lets leave this thread for King Abdullah City and post new threads for Nakeel Subdivision and Jawharat Al babtain project.




BTW, good job on the google map. I read that the distance between Jeddah center to Rabigh is 100 km.

The distance is 160km.

And I agree with the suggestion to make a new thread for the old airport area projects.

I'm sure I read 100 km somewhere :bash:. Maybe the project is 60 km south of Rabigh :D

OK Riyadhi :D
by the way Riyadhi you say you seen KACC in TV is it was just embodiment or Video show??

I saw the King looking at a HUGE render of the project.

I hope EMAAR post in Media Section Video for KACC as soon as Possible ^^

I think that Saudi did a smart thing by having this project in the western province. On the eastern province, they would've had to compete with the UAE, Qatar, Bahrain, and Kuwait. But here in the western province, its a one man show. Saudi has no competitors in this area. Saudi already has Jubail in the eastern province and Jubail doin a hell of a job for them. So much so that Jubail is gona be expanded thanks to Jubail 2.

http://www.kingabdullahcity.com/

Work has begun!!!!


Source: http://www.arabnews.com/?page=6&section=0&article=75097&d=22&m=12&y=2005

Work Begins on King Abdullah Economic City
P.K. Abdul Ghafour, Arab News

A model of the King Abdullah Economic City in Rabigh. (AFP)


JEDDAH, 22 December 2005 — Work on the SR100-billion mega economic city began in Rabigh yesterday, a day after Custodian of the Two Holy Mosques King Abdullah launched the project, the largest ever joint venture in the Kingdom.

The King Abdullah Economic City to be built at a pristine location off the Red Sea “signals the dawn of a new era of economic prosperity for the citizens of the Kingdom,” said Amr Al-Dabbagh, governor of Saudi Arabian General Investment Authority (SAGIA).

The new age city will have six distinct components: A modern world-class seaport, an industrial district, a financial island, an education zone, resorts and a residential area, the SAGIA chief said.

“Completion of the overall project will be done in stages with the first batch of businesses and residents moving into the city within two years,” he pointed out.

Emaar Properties, the world’s largest real estate company in terms of market capitalization, is the master developer of this ambitious project, the biggest outside of its home market of the UAE. SAGIA, the apex body responsible for inward investments into the Kingdom, is the prime facilitator for the development.

“SAGIA’s Investor Service Center will facilitate the provision of services to potential investors,” Al-Dabbagh said, adding that companies and investors would get licenses for implementing their projects in the city within a week after presenting applications.

Central to the mega project is the creation of a 2.6 million square meter new Millennium Seaport similar in size to the world’s top 10 ports. With its strategic location on the Red Sea and the instant access to key cities within the Kingdom, the port will have a designated area for light industry and logistics and be a natural platform for onward movement of goods to Europe, Africa, Asia and beyond.

The Industrial District, covering eight million square meters, will represent sectors such as downstream petrochemicals, pharmaceuticals, research and development activities as well as a host of educational institutions.

The waterside resort will serve up a most compelling mix of waterfront hotels and boutique residences. The master plan envisages 3,500 well-appointed hotel and residential bedrooms and suites, premium villas, plus an extensive retail element and an international-class signature 18-hole golf course and an equestrian club.

The Financial Island will offer 500,000 square meters of office space for the leading international and regional financial services providers, business hotels and a new exhibition and convention center. There will be two towers reaching up to 160 stories that offer compelling views of the surrounding city skyline.

Can someone post the picture of the masterplan from the website?

that was fast :omg:

Personally, I'm glad that it's around 160 KM away from Jeddah... building lots of smaller completely different cities is a far better approach than having large unmanageable cities with ghettos 'n all... As for Jeddah, I think that city deserves a new world-class airport!

Personally, I'm glad that it's around 160 KM away from Jeddah... building lots of smaller completely different cities is a far better approach than having large unmanageable cities with ghettos 'n all... As for Jeddah, I think that city deserves a new world-class airport!

The contract of the construction of the new Jeddah airport will be awarded next year.

http://tinypic.com/iyki89.jpg

YESSSSSS smussuw,, that's what I'm talking about...

Thanks

is this some sort of a creek natural or what?

I think it's natural. You can see it on the map that Saudi Guy posted on the second page.

I need glasses then because I cannot see a creek there.

http://www.freeimagehosting.net/uploads/92864c6f37.jpg

http://www.freeimagehosting.net/uploads/a663b9b5c3.jpg

http://www.freeimagehosting.net/uploads/559ee47e5c.jpg

There were 4 whole big pages in our Gulf Daily News today...With some pictures, and descriptions of the project...

The Financial Island will offer 500,000 square meters of office space for the leading international and regional financial services providers, business hotels and a new exhibition and convention center. There will be two towers reaching up to 160 stories that offer compelling views of the surrounding city skyline.

Two 160 storey towers!

And according to the big add in our papers, it says they're expecting to become a leading financial centre, and expecting some of the biggest financial, backing, and insurance institutions to join their Island..!!!

http://img507.imageshack.us/img507/5408/12iq.png

http://img244.imageshack.us/img244/4530/23hh.png

http://img392.imageshack.us/img392/7885/31ef.png

http://img363.imageshack.us/img363/4323/45fg.png

http://img363.imageshack.us/img363/9682/50mt.png

The Financial Island will offer 500,000 square meters of office space for the leading international and regional financial services providers, business hotels and a new exhibition and convention center. There will be two towers reaching up to 160 stories that offer compelling views of the surrounding city skyline.

Two 160 storey towers!

I believe that is a typo...

Its 100 + 60...So maybe they're just trying to make it sound more attractive, but what they really mean is that together they are 160 floors..!

But the tower in the middle of the financial island looks huge

^^ Yes, and i'm guessing that would be the 100 floor one...

http://img264.imageshack.us/img264/3820/62be.png

http://img515.imageshack.us/img515/2676/77zl.png

http://img515.imageshack.us/img515/8747/87yf.png

http://img515.imageshack.us/img515/668/93wz.png

Well looking at their plans, it looks to me that it's about 20 kms south of Rabigh, but I guess as both expand the two will merge into one.

I've made two annotated maps to give you an idea of the location:

Currently:
http://i3.photobucket.com/albums/y63/ahmadof/before.jpg

In the future:
http://i3.photobucket.com/albums/y63/ahmadof/after.jpg

thanx hijazzey! thats very informative! good job

go to Media in WWW.EMAAR.COM There video see it now

Lusail project in Doha was dhwarfed by this project. I cant believe the size of this project.

Its is about time. Saudi has so much potential that i sincerly believe it can compete with western countries. Im very happy and proud of this project and cant wait to visit Jeddah once its completed.

Man, 26 billion, thats a whole lot of money.

gr8 project..very futuristic!!

Savola group just announced that their share of company that will develop the project will be 5%.

Emaar commences construction at 'King Abdullah Economic City'

Following the launch of 'King Abdullah Economic City', the largest single private sector investment in Saudi Arabia, groundwork on the project got underway as bulldozers moved in on the 55 million sq m of greenfield site, north of Jeddah.

http://www.ameinfo.com/images/news/7/20727-King.jpg
Groundwork for 'King Abdullah Economic City' starts.

Mr. Issam Galadari, Managing Director of Emaar Saudi Arabia said:
'Following the project announcement, work on the site started immediately. The port will be the first area of the development that we will concentrate on with other areas such as residential following quickly. The overall project will be done in stages with the first batch of businesses and residents moving into the City in a period of 24 to 36 months.'



'This is a very exciting time for us, this multi-stage development will complement the Kingdom's current economic expansion and at the same time create employment opportunities and attract foreign investment, trade, commerce and industry,' Mr. Galadari added.

The project consists of six distinct components -a modern world-class Seaport, Industrial District, Financial Island, Education Zone, Resorts and The Residential Area and is Emaar's largest outside its home market of the UAE.

With its strategic location on the Red Sea and instant access to key cities within Saudi Arabia, the mega project will closely integrate itself into the Kingdom's on-going drive to expand the economy, create employment opportunities for its youthful population and function as a catalyst to attract foreign investment, global trade, commerce and industry.

24 to 36 months, the middle east is so fast unbelievable
they really push this forward.
Dubai based companies everywhere..

^ isnt that only the first phase?

The overall project will be done in stages with the first batch of businesses and residents moving into the City in a period of 24 to 36 months.'

http://www.alriyadh.com/2005/12/30/img/302750.jpg
The CEO of Saudi Emaar with Bin Laden Group represntatives

If Saudi really does this project it is going to catch up with Dubai and Qatar in nooo time. Congratulations Saudi.

Well, dave, construction has started and those guys sound very serious in getting that project done..

Mega Saudi project focus of forum
Posted: Thursday, January 26, 2006


Saudi Arabia’s King Abdullah Economic City project will be showcased at the Jeddah Economic Forum to be held from February 11 to 13, said Emaar Properties chairman Mohamed Ali Alabbar.

Emaar Properties, along with its flagship Saudi Arabia project, has announced its status as partner sponsor for the Forum to be held from February 11 to 13 at the Jeddah Hilton Hotel.

Mohamed Ali Alabbar and Jeddah Economic Forum chairman Amr Enany recently signed the agreement.

Along with its Saudi partners, Emaar’s sponsorship of the high profile Forum will commence at this year’s Forum and continue for the 2007 forum.

Commenting on the importance of the Saudi Arabia market for Emaar, Mohamed Ali Alabbar said:

“This is a critical time for the Kingdom. The country is in its economic prime. Not only did Saudi Arabia become part of the World Trade Organisation last year, but the country saw a GDP rise of seven per cent and a 50 per cent surge in oil exports.

“As the largest economy in the Middle East, Saudi Arabia has unlimited potential for growth and the recent announcement of Emaar led project - King Abdullah Economic City - will to contribute to this growth. The City will be showcased at the Forum this year,” he added.

“We welcome the participation of Emaar and its latest development King Abdullah Economic City to the Forum,” said Enany.

“The Jeddah Economic Forum aims to focus on sustainable growth and economic development in the Kingdom as well as examine prospects for the regional and global economy. To have a recognized property developer such as Emaar joining us as a Forum Partner is a testament to what the Forum offers.”

Emaar’s largest international development – King Abdullah Economic City - is a mixed use development covering 55 million square metres.

As the single largest private sector investment in the Kingdom of $26.6 billion, the City will create six distinct components - a modern world-class Seaport, Industrial District, Financial Island, Education Zone, Resorts and The Residential Area and up to 500,000 employment opportunities.

“The Jeddah Economic Forum is an ideal platform to reinforce our presence in the Kingdom and we look forward to a continued relationship with the Forum as the King Abdullah Economic City prospers,” Alabbar said.

any new news?

Aloo any updates

OK so would it have cinemas, malls, contemporary designed hotels, luxury apartments and a good airport?

or a grand building full of nothing? :P

Cenimas are still a big No No..!

i read in newspaper for two days ago EMAAR planing to made new airport Specal for KAEC
i think that good idea

Cenimas are still a big No No..!

What are you talking about! The first cenimas will open soon in Rashid Mall.

i read in newspaper for two days ago EMAAR planing to made new airport Specal for KAEC
i think that good idea

I thought that Rabigh local airport will be developed and upgraded by the Authority of Civil Aviation.

maybe but they didnt say anything about rabigh airport!!!

Both are bad ideas IMO.

Why do they need a mainline airport? Jeddah airport is an hour's drive away (if not less), and it could be even more accessible once the Mecca-Medina rail line is built. Rabigh Aerodrome can be used for general aviation and charter service just like it is used by Aramco today. Jubail is in a similar situation, and it is doing fine.

I think it's good to have more airports besides that one hour drive is too long. Don't forget what happened to King Fahd Aiport in the EPV. It's practically dead because of it's remote location!

Emaar denies any proposed plans to build a new airport.



محمد العبار لـ الشرق الاوسط: الاكتتاب في أسهم مدينة الملك عبد الله سيتم خلال العام الحالي

مدير عام دائرة التنمية الاقتصادية في دبي: أشعر بالخجل أمام التسهيلات الحكومية التي تحصل عليها «إعمار»
حوار: محمد الشمري
استطاع محمد العبار مدير عام دائرة التنمية الاقتصادية في دبي ورئيس مجلس إدارة إعمار العقارية الذي كان ضمن أهم المتحدثين في أول أيام منتدى جدة الاقتصادي السابع أمس، التعامل بهدوء أبطل مفعول أسئلة الصحافيين المفخخة.

لكن هذا الرجل على الرغم من ذلك، ظل طوال أمس المطلوب رقم واحد لمختلف الصحافيين المكلفين بتغطية أعمال المنتدى في جدة، فهو الوحيد الذي أجرى خمسة مؤتمرات صحافية متلاحقة، انتهت كلها، دون أن ينتهي نهم أسئلة الصحافيين التي فشلت بتفجير ما بداخل العبار من معلومات.

وكانت «الشرق الأوسط» ضمن وسائل الإعلام التي ظلت تلاحق هذا الرجل في منتدى جدة امس رغبة في الحصول منه على حوار خاص، وهي الملاحقة التي لم تنته إلا بعد أن وصل إلى غرفة نومه في الدور السابع من فندق هيلتون جدة أمس، حيث كانت ترافقه زوجته التي كان الصبر سلاحها في تحمل فضول الصحافيين، مقدرة أن إلحاح الصحافيين لم يكن ليكون لولا أهمية أي كلمة يمكن الحصول عليها من زوجها الذي تبدي كلماته لطفا واضحا وخلقا رفيعا، فيما تشير نظراته لفطنة قل نظيرها، أما تقاسيم وجهه فهي أقرب إلى دليل إثبات على الرجل وأمانته في العمل.

وبعد كل ذلك، تكرم محمد العبار بأن منحنا جزءا من وقته بعد أن استراح مع حرمه دقائق معدودة، خرج بعدها ليكون هذا اللقاء الذي كشف فيه أن الاكتتاب في أسهم مدينة الملك عبد الله الاقتصادية سيتم خلال أشهر لا تتجاوز نهاية العام الحالي. وإلى الحوار:

> هل مدينة الملك عبد الله الاقتصادية بداية سلسلة لمدن صناعية أخرى في السعودية تعتزم «إعمار» تنفيذها؟ وإلى أين وصل العمل في هذه المدينة؟ ومتى ستطرح أسهمها للاكتتاب العام؟ وكيف سيتم توزيع الحصص؟

ـ الاكتتاب العام راجع للسلطات المختصة هنا في السعودية، أما من ناحيتنا فقد انتهينا من إعداد نشرة الاكتتاب وكل المتطلبات التي علينا إنجازها، وما بقي فهو لدى الجهات المختصة التي لم نجد منها إلا كل تعاون ورعاية وكل سلاسة، وهو ما يسهل إنجازنا لعملنا ليكون المشروع على مستوى التطلعات. ونحن نلتزم في كل القوانين والأنظمة، وهو ما سيضمن لنا تحقيق الإنجاز وفق الخطة المرسومة والانتهاء من الالتزامات المترتبة علينا حسب ما هو مجدول.

وأحب أن أؤكد أن مدينة الملك عبد الله الاقتصادية ستبنى لتكون للحاضر والمستقبل، على الرغم من قناعتي بأن لكل جيل طريقته في الحياة، فأنا لست كأبي وابني لن يعيش حياة تماثل حياتي. لكن مع ذلك فإن التخطيط السليم والعمل على بنية اقتصادية قوية من شأنه أن يقود بالتالي لنتائج ممتازة.

> هل هذا يعني أن طرح الأسهم للاكتتاب العام سيتم خلال العام الحالي؟

ـ نقول إن شاء الله.. إن شاء الله.

هل لديكم نية لتشييد مطار دولي في جدة على غرار مطار دبي؟

ـ والله ليس لدي أي فكرة عن وجود مشروع من هذا النوع، قد يكون لدى الحكومة السعودية توجه من هذا النوع، أما نحن في شركة إعمار أستطيع أن أقول إننا لا نملك أي فكرة في هذا الخصوص.

* ما آخر أخبار مشروع النخيل الذي تعملون على إنجازه مع شركة الأولى للتطوير العقاري؟

ـ تم تقديم كل الأوراق لأمانة محافظة جدة التي نجد منها كل تعاون، ومركز مبيعاتنا تحت الإنشاء، وعليه أستطيع أن أقول إننا سنبدأ في البيع خلال ستة أشهر من الآن، وهذا المشروع أنا أعتقد أنه مميز من ناحية التصميم ومن حيث الموقع أيضا، وكل المؤشرات تبشر بنتائج باهرة إن شاء الله.. دعني أقول لك قبل أن تشرع بسؤالك التالي إن عمليات البيع قد تبدأ خلال شهرين أو ثلاثة، لكنها لو تأخرت فلن تتأخر إلى ما هو أبعد من ستة أشهر. أنا متفائل جدا بأن الأمور تسير بخطى أسرع مما نخطط له، في ظل الدعم الحكومي والتسهيلات التي نحصل عليها هنا في السعودية من مختلف الجهات ذات العلاقة، وأنا خجول من كل هذه التسهيلات التي نحظى بها.

> توسعكم الحالي هل هو قناعة بأن دبي تشبعت استثماريا؟ لاسيما بعد أن صار العرض أكثر من الطلب هناك؟

ـ أولا أنا أختلف معك، ولا أعتقد أن العرض يفوق الطلب في دبي، لكن نحن شركة ذات طموح لا تحده حدود، وتأتينا عروض من المغرب، مصر، الهند، ونحن ندرس كل العروض دراسة جيدة، ثم نقرر ما سنفعله بشأن هذه العروض.

وفي كل الأحوال إذا لم ننطلق لأسواق جديدة فهذا يعني أننا سنأخذ في الانحسار التدريجي، وهو ما سيضر في نهاية المطاف بالشركة ككيان ليس لطموحاته حدود كما قلت لك من قبل، خاصة أن الأوضاع الاقتصادية المحيطة كلها في نمو يحفز على دخولها من خلال استثمارات الشركة المتنوعة.

أعتقد أن هذا التوسع يؤكد أن نظرة الشركة إقليمية ويمكن أن تكون أكثر من إقليمية مستقبلا.

ومما يعزز رغبة التوسع لدينا، هو أننا نريد لشركة إعمار أن تكون من كبرى الشركات في العالم، من خلال استثماراتها المختلفة، وعلى الصعيد العقاري، لا نريد لها أن تكون ضمن أوائل الشركات الكبرى في العالم، بل نريد لها أن تكون الأولى على مستوى العالم، كما هو وضعها الحالي، وسنعمل على أن تبقى في هذا المركز بكل ما أوتينا من قدرة.

> ماذا تم في مشروع أم القيوين؟

ـ انتهى التخطيط الأولي، وتم تعيين المخططين للمشروع، كما تم تعيين مدير للمشروع، وعليه أعتقد أننا قادرون خلال ثمانية أشهر أن نبدأ في فتح مركز مبيعاتنا هناك، وذلك بفضل تعاون السلطات معنا، وهو التعاون الذي يخجلنا كثيرا.

> ما مدى تأثير أسعار البترول المرتفعة على جوانب الاقتصاد الأخرى؟

ـ سابقا كان هناك تأثير كبير، فعندما يرتفع سعر النفط تهدأ الحكومات وتتوقف مشاريع إعادة الهيكلة وتحديث النظم والقوانين، أما الآن فأنا أعتقد أن الوضع اختلف، فكل الحكومات لم تتأثر إلا بوجود مزيد من العمل التنموي الجاد، ورغبة استغلال الوفرة التي أحدثها النفط في الميزانيات العامة للدول في إعادة الهيكلة وتحرير قطاع الأعمال من القيود التي يعاني منها. أنا متفائل بأن كل الدول تستغل النفط في تحسين بيئة الاستثمار، وهذا بعكس ما كنت أتوقعه في السابق.

> تسجل أسواق الأسهم الخليجية بشكل عام والسعودية بشكل خاص ارتفاعات قياسية خلال الفترة الماضية، السؤال: إلى أين تتجه هذه الأسواق؟ وما هو مستقبلها؟

ـ دعني ألخص لك الوضع كما أراه شخصيا بأنه يتمثل بوجود أسواق أسهم منتعشة، ومشاريع نادرة وعدد شركات مساهمة متدن، وسياسات حكومية تسير في انفتاح وكم هائل من رؤوس الأموال وغياب شبه تام لأفكار المشاريع الجديدة التي تتميز في الابتكار، كل هذا يقود الأسهم لمزيد من الصعود الذي قد يخيف البعض، لكن على الرغم من ذلك، أنا متفائل جدا بأن الحكومات في المنطقة تسير على طريق إسعاد الشعوب. ومثلا في السعودية أنا فخور جدا بالسياسات التي أسمع عنها، وهي سياسات تقود نحو الانفتاح الاقتصادي، ومزيد من النمو والازدهار في هذا البلد العزيز على قلوبنا جميعا.

> كانت «إعمار» ترغب في شراء مستوطنات إسرائيلية في قطاع غزة وحدث ما حدث، الآن هل تنوون الاستثمار في الأراضي الفلسطينية وتحديدا في غزة بعد عودتها للسلطة الفلسطينية؟

ـ والله أولا لم يكن الهدف يرمي لتحقيق أهداف تجارية، بل كانت الرغبة في شراء البنية التحتية الموجودة على الأرض مثل الطرق وغيرها حتى لا يتم تكسير عند مغادرة المستوطنين لها، لمساعدة الناس، وأنا متأكد أن كثيرا من العرب والمسلمين سيكونون معنا.

وعموما لا تزال الرغبة موجود، وهدفها الأول والأخير هو مساعدة أخواننا في فلسطين، ذلك لأن الله أكرمنا بخير وفير، وإن لم تكن الأراضي الفلسطينية ضمن أولوياتنا فما عسى أن تكون الأولويات؟

> ما أصعب قرار اتخذه محمد العبار خلال عام 2005؟ ما القرار الذي لا تزال تأثيراته السلبية أو الإيجابية باقية في حياتك العملية؟ ومتى كان هذا القرار؟

ـ عندما أجد صعوبة في اتخاذ أي قرار أروح لصاحبي ورئيسي ـ الله يحفظه ـ وهو الذي يسهل لي أمور، وأعني بذلك الشيخ محمد بن راشد آل مكتوم، لأنني مهما أوتيت من قوة أحتاج لأب وأخ كبير، وكل شخص مهما كان يحتاج لمن يأخذ بيده خاصة عندما تحتدم الأمور. وأنا أشكره لأنه سندي الدائم.

وأكبر قرار هو دفع ربحية شركة إعمار خلال العام المالي الماضي، إلى قرابة 200 في المائة قياسا بما كانت عليه في العام الأسبق، 1.6 مليار إلى 4.7 مليار، لأننا نريد أن نستمر في مضاعفة الأرباح في العام الجديد، آملين أن تكون زيادة الربحية في المستوى نفسه إن شاء الله.

أما أهم قرار غير مجرى حياتي، فهو قرار البدء في تأسيس شركة إعمار العقارية، ووقتها لم أكن أعلم أن الله سيكرمني لأصل ما وصلت إليه الآن (سكت قليلا، ثم استطرد قائلا )، أبدا لم أكن أتخيل هذا المستوى من النجاح، ولم يدور في خلدي في أي يوم من الأيام الحصول على النتائج التي أعيشها حاليا.

That's what I thought :)

What are you talking about! The first cenimas will open soon in Rashid Mall.

Really? When?

I look forward to find out about the Nakheel project. Should be a good summer for the Jeddah real estate market, the OIC project winner should be announced around then as well.

Saudi's SAGIA, Siraj launch $500 mln hotel company
Saturday 25 February 2006, 12:25pm EST

RIYADH, Feb 25 (Reuters) - The Saudi investment authority SAGIA, Siraj Capital and Britain's signed an initial deal to set up a $500 million hotel company to invest in a major Saudi real estate project.

A SAGIA statement received on Saturday said UAE's Emaar Properties also signed a memorandum of understanding to express its intention to invest $75 million in the Siraj Hospitality Investment Co.

Siraj Hospitality plans to invest in King Abdullah Economic City, a $26.7 billion real estate project billed as the single largest private investment in Saudi history.

For those who didn't see the vedio clip of the project, it is now working at the project's website www.kingabdullahcity.com

are the foreigners allowed to purchase in this developement?

not sure ... but it should be allowed..

Now they have pictures on the project's website. There are really nice pictures of the 100 F tower.

does anyone have hi-res images of the tower and renders of the city devt? also, i heard there is a sales center, does anyone have photos of any scaled model?

I think Al Binaa magazine published decent images two months ago of the towers. I'll let you know if they are worth scanning.

thanks Riyadhi... would be nice to see hi -res renders of the dancing towers...

HIGH RESOLUTION

http://images3.pictiger.com/thumbs/09/fbfe7784cfd58464102831babab1bc09.th.jpg (http://server3.pictiger.com/img/200232/picture-hosting/-users-zohir-desktop-other-kacc-two-towers.php) http://images4.pictiger.com/thumbs/a8/4b9b1d12cc45e72bae0b93931d8eb1a8.th.jpg (http://server4.pictiger.com/img/199772/picture-hosting/-users-zohir-desktop-other-kacc-sunset.php)

http://images4.pictiger.com/thumbs/ac/2c1929cf7e5eaded133eadf71c0539ac.th.jpg (http://server4.pictiger.com/img/199774/picture-hosting/-users-zohir-desktop-other-kacc-7-area.php) http://images4.pictiger.com/thumbs/61/bafeb4b433326e475738c19b81480861.th.jpg (http://server4.pictiger.com/img/199779/picture-hosting/-users-zohir-desktop-other-kacc-at-night.php)

Emaar Seeks More Land for Mega City
Khalil Hanware, Arab News
Mohamed Ali Alabbar

DUBAI, 22 April 2006 — Dubai-based Emaar Properties, the world’s largest real estate company in terms of market capitalization, says it will stick to its deadline to build SR100 billion King Abdullah Economic City (KAEC) in Rabigh, north of Jeddah.

Mohamed Ali Alabbar, chairman of Emaar, told a group of journalists from Saudi Arabia that the company was in the final stages of negotiations to procure 50 million square meters of land in addition to the 55 million square meters it had been allotted for what has been described as the largest project of its kind in the Gulf.

The project, which will be a new age city for future generations of Saudi citizens, was officially launched by Custodian of the Two Holy Mosques King Abdullah in December.

Alabbar said: “As of now we are two months behind schedule. But we will work full steam to make up for the delay, even if I have to personally work with laborers.”

At the Jeddah Economic Forum this year, Alabbar promised that within 24 to 36 months people would start living in the city.

He also announced that the company would set up an academy to train people about real estate development, design and finance.

Alabbar said this mega project would closely integrate itself into the Kingdom’s ongoing drive to expand the economy, create employment opportunities for Saudis and function as a catalyst to attract foreign investment and boost global trade, commerce and industry.

The project, designed to make Saudi Arabia a magnet for overseas investors, is being developed by Emaar in conjunction with Aseer Trading, Tourism & Manufacturing Co. and the Binladin Group from Saudi Arabia.

Together, they will set up a joint venture company, with 30 percent of its equity to be floated for initial public offering (IPO). The project, which has been described as “another jewel in the crown of Saudi Arabia” by Crown Prince of Dubai and UAE Defense Minister Sheikh Mohammed Bin Rashid Al-Maktoum during the launch, is expected to create 500,000 new jobs.

Asked whether the company will launch its IPO now when the Saudi stock market is on a downtrend, Alabbar said: “I prefer going public when the market is up.”

The KAEC is part of the Saudi Arabian General Investment Authority’s (SAGIA’s) ambitious plan to attract foreign funds, provide incentives and tax breaks to investors and remove hurdles facing them. Alabbar said SAGIA was acting as a facilitator of the project.

Describing various projects of Emaar, Alabbar said: “Whether it is a luxury villa, a waterfront apartment or a golfer’s dream home, Emaar has a property for everyone. Emaar has numerous projects — Arabian Ranches, Burj Dubai Downtown, Dubai Marina, Emirates Hills, The Greens, The Lakes, The Meadows, The Springs and The Views — at various stages of development. It has a rapidly growing tenant base and is the No. 1 choice of those looking for a dream home.” He said Emaar — with over $40 billion worth of projects — had joint ventures in Saudi Arabia, Egypt, Syria, Morocco, India, Pakistan and Turkey.

Alabbar admitted that rents in Dubai were high, but said that “there are currently many buildings in the final stages of construction. Once they are ready for occupancy, I am sure the rents will come down.”

Emaar, KAEC on target
Saudi Arabia: 3 hours, 52 minutes ago

Emaar Properties will be able to meet its completion deadline on the $27bn King Abdullah Economic City in Rabigh, reported Arab News. Emaar chairman Mohammed Ali Alabbar has stated that people would be living inside the development within three years, despite the project slipping slightly behind schedule. Emaar is currently in the final stages of procuring an extra 500m sq ft for the development.

that's fine , its beter if they add more plot but in another way it will take long time to finsh

Does anyone have any idea about the breakdown of the US$ 26.7Bn assigned to this project... I.e Amount assigned to infrastructure based on sector such power, water, oil and gas,...etc
This is urgent,,, pls helppppp

i wish to know when will the project finnish ....? Date pleases...

Phase 1 is expected on Sept 2008

did i hear wrong that its gonna be finished by 2020?

I think the whole project will be complete by 2010 or so.

as king abdulah said after 3 years Phase 1 will completed

Realy?????? so it means that i heard wrong............but 2010 means 4 years from now.thats not tooo much,but i can't wait to have it fully compeleted n visit this
"HEAVEN ON EARTH"................

Renderings of the Financial Island,

http://upload.wikimedia.org/wikipedia/en/4/4d/Kaec_fi.jpg


http://upload.wikimedia.org/wikipedia/en/8/8f/Kaec_id.jpg

can any one pring any construction photo of this huge poject ??

Some has to drive there from Jeddah.
Come on Jeddawi guys it is only one hour drive.

yahh but it is neccesary to know the location to get there

have they started on the contruction of the high-rise towers already? yes, it would be interesting to see some contruction photos..

by the way...what do you guys make of the location? wouldn't it make more sense if it was closer to jeddah? then again i don't know if they'd find enough space with all the resorts in the north of jeddah...
also...will they be able to fill all the office space they're going to have? i'm not sure if they'll fill the buildings..

who are they expecting to move there anyway? are they expecting people to pack up and move there from jeddah, riyadh, and the eastern province?

and finally....what's with the name....seriously...i'd feel like a moron saying "o i live in king abdullah economic city" how abt coming up with a cooler name for it? :) like SZR for sheikh zayed road..

KAEC ;)

KAEC ;)


:lol: It was way to obvious eh?

Well it's just a common sense guys..........
No one is gonna say the whole wierd thing " KING ABDULLAH ECONOMIC CITY",every one would just say 'K.A.E.C' or 'KING ABDULLAH CITY'..................no need to add the "Economic" thing

i hate the name. Everyone i tell about it ends up laughing. the name should be just Econ City, KAC, EC....or why not give it a real Arabic name??????

i hate the name. Everyone i tell about it ends up laughing. the name should be just Econ City, KAC, EC....or why not give it a real Arabic name??????

I totally agree the name is too complicated and we know abdullah is king no need to right his name everywhere... they should probably call it jeddah or rabigh economical city or either call it Qadima (since it is going to be built over this village)

I totally agree the name is too complicated and we know abdullah is king no need to right his name everywhere... they should probably call it jeddah or rabigh economical city or either call it Qadima (since it is going to be built over this village)

right, call it Qadima!

مشالله مشروع كبير
الله يوفقهم

isnt that smussuws avatar?

lol why is my avatar getting so popular

Impressive pictures,

http://forum.skyscraperpage.com/showthread.php?t=107856

Indeed they are, I wonder where he got them from?

I wonder if the City is immune to rising sea levels in the near future?

Groundwork advancing at King Abdullah Economic City

Emaar the Economic City (EEC), a consortium headed by global real estate major Emaar Properties PJSC and a number of high profile investors from Saudi Arabia, has made rapid progress on ground and site work for its flagship development in Saudi Arabia, the King Abdullah Economic City (KAEC).

http://www.ameinfo.com/images/news/9/28079-KingAbdullahEconomicCity.jpg
Artist impression of the City.

The single largest private sector initiative in the Kingdom, KAEC is a SR100 billion (US$26.6 billion) project off the Red Sea Coast covering a Greenfield site of 55 million sq m. Saudi Arabian General Investment Authority (SAGIA), the body responsible for inward investments to the Kingdom, is the prime facilitator of KAEC.

EEC's initial public offering of 255 million shares - 30 per cent of its total equity - to raise SR2.55 billion (US$679.9 million) is currently open for subscription and will run through August 2, 2006. Approved by the Capital Market Authority (CMA) of Saudi Arabia, the IPO is fully underwritten and open only for Saudi nationals. The subscription is for a minimum of 50 shares and a maximum of 25,000 shares of SR 10 each.

'KAEC is more than a property development - it will usher in a new era in the economic growth of Saudi Arabia through its six well-rounded components that integrate commercial, retail, residential and leisure amenities,' said EEC Chairman Mr Mohamed Ali Alabbar. 'Apart from building a whole new city and laying out the entire infrastructure support, the direct contribution of KAEC to the economy is its employment potential of 500,000 jobs.'

Groundwork on KAEC, unveiled late-2005, is going full steam ahead. The structural steel work for the presentation center has been executed and installation of precast walls will be completed in a fortnight. Work is also underway on the project's first boulevard - a 15 km long stretch that features over 3,000 palm trees.

'Excavation work for the first city canal to run through the Red Sea Village, a component of KAEC, has started. Geotechnical investigations are being conducted for dwelling units, and designs for one of the main entry gates, the first Corniche Park and marina have been completed. There are over 500 workers on-site now, and the number will exceed 1,000 soon,' said Mr Nidal Jamjoom, Chief Executive Officer, EEC.

During the first three years, construction will be focused on four major areas: the Port; Industrial areas; the Resort District comprising two major beachfront hotels, the first golf course and associated villas; and several apartments and office buildings in the Town Center.

Approved by the Ministry of Commerce & Industry vide Ministerial Resolution No. 609 dated May 13, 2006, for its incorporation, EEC aims to become 'the largest property development company in the Kingdom and an investor in a diversified portfolio of high quality real estate assets,' said Mr Jamjoom.

King Abdullah Economic City will undertake mixed-use developments in its six components: a modern world-class seaport, industrial district, financial island, educational and healthcare zone, resorts and the residential area. The overall project will be completed in stages, with the first batch of commercial houses and residents expected to take possession within 30 to 36 months.

KAEC will integrate into the Kingdom's on-going drive to expand the economy, create employment opportunities for its youngsters, catalyze foreign investment inflow and global trade, and boost commerce and industry.

i heard that they will double the size from 55 million sq m to 110 million sq m and there will be an international airport and train station .... if you guys have any info please tell us

^ that would be a very good news IMO.

man...if that happens Jeddah is never getting a new airport or at least a good/adequate new airport. That airport is in worse shape than..than...I don't know...some of the baqalas? Okay bad comparison but at least at the baqalas you get served faster and don't have to face outdated systems. :jk:

i heard that they will double the size from 55 million sq m to 110 million sq m and there will be an international airport and train station .... if you guys have any info please tell us

Doesn't that mean the amount of investment in the project will also go up by quite a bit? If anyone has some new numbers, please post them... :)

What is a "BOULEVARD" anyway? as the article says 'Work is also underway on the project's first boulevard - a 15 km long stretch that features over 3,000 palm trees.'

العبار: استراتيجية العمل في «شركة إعمار المدينة» الاقتصادية تعتمد على تنفيذ الخطط وفق الجدول الزمني

توقعات بطرح السهم للتداول خلال بداية شهر رمضان

http://www.asharqalawsat.com/2006/09/15/images/economy.382833.jpg

جدة: مساعد الزياني
أكد محمد العبار رئيس مجلس إدارة شركة اعمار المدينة الاقتصادية إن استراتيجية العمل في مدينة الملك عبد الله الاقتصادية تعتمد اعتمادا كليا على تنفيذ الخطط، مشيراً الى أن شركة اعمار المدينة الاقتصادية تعمل على تنفيذ خططها حسب الدراسات والإمكانيات التي تملكها الشركة.
وأكد انه لا يوجد أي نية لزيادة راس المال حيث ان الشركة ستعمل على الاستفادة من راس المال الحالي بالإضافة إلى مواردها من عمل الشركة وعن طريق الاقتراض من المصارف الإسلامية في عملها، وأكد أن الإدارج والمستثمرين هم المحددان الرئيسيان لقيمة السهم في السوق، السهم تحكمه تيارات السوق ورأي المستثمرين في الشركة وإداراتها وخططها ومصداقية الشركة وهيكلها الإداري.

وذكر أن نسبة 30 في المائة كمبلغ 2.5 مليار ريال (666 مليون دولار) تعتبر نسبة متوسطة في عمليات الطرح وتعتبر مجزية وتعطي سيطرة جيدة من المساهمين على إعمال الشركة، مؤكدا أن النسبة موزعة على حجم المبلغ وعدد الأسهم قياساً بحجم البلد مما يعطي ناتجاً مناسباً جداً، ومشيراً إلى انه في شرق آسيا يتم في عدد من الشركات طرح 10 في المائة من راس مالها.

وأكد رئيس مجلس إدارة اعمار المدينة الاقتصادية أن خادم الحرمين الشريفين الملك عبد الله بن عبد العزيز طلب توسعة المدينة، بالإضافة إلى توجيهات الاهتمام الخاص من لدن الأمير سلطان بن عبد العزيز حول هذا الموضوع، حيث قامت الجهات المختصة بالنظر في عمليات التوسعة، لحين الانتهاء من العمليات الرسمية والموافقات الرسمية واخذ التوجيه من قبل أصحاب القرار في الدولة، مشيراً إلى إن التوسعة لن يكون لها تأثير كبير على عملية التخطيط في المدينة الاقتصادية وان كان هناك تأثير سيكون عبارة عن تحسين وتطوير في عمليات التخطيط العام.

وعن طرح الشركة لمشاريع أخرى خارج نطاق مدينة الملك عبد الله، أكد العبار أن الشركة هدفها تنمية عملها وتحسين مستوى الدخل لصالح المساهمين، حيث تملك الشركة فرصة ضخمة وهي تطوير مدينة الملك عبد الله الاقتصادية، ولكن إذا وجدت فرص أخرى فيها استفادة للمساهمين سيكون هناك استغلال كامل لتلك الفرص لصالح اعمال الشركة ومساهميها.

وأضاف أن مدينة الملك عبد الله الاقتصادية ستلعب دوراً هاماً في تطوير قطاعات الإسكان والتعليم والصحة والمال والاقتصاد في السعودية، مشيراً إلى أن العمل جار على قدم وساق، خاصة مع دخول الشركة مرحلة جديدة من خلال الإدراج في سوق الأسهم السعودية «تداول»، وستعمل الشركة على التركيز على عملية التوظيف عبر موظفين مؤهلين خاصة في المناصب العليا من اجل قيادة عملية تطوير مدينة الملك عبد الله الاقتصادية، حيث تلتزم «اعمار المدينة الاقتصادية» بدور فاعل في تقييم الأعمال الجارية في المشروع وضمان سيرها وفقاً للميزانية والجدول المحددين.

وكانت شركة اعمار المدينة الاقتصادية قد عقدت في نهاية الأسبوع الماضي اجتماع الجمعية العمومية التأسيسية في مدينة جدة بوجود كبار حملة الأسهم والذين أكملوا نصاب إقامة الجمعية العمومية، وصادق المساهمون على قوانين وأنظمة الشركة التأسيسية وتعيين ارنست اند يونج مدققين للحسابات.

وتجري العمليات الإنشائية في مدينة الملك عبد الله الاقتصادية على قدم وساق محرزة تقدماً ملحوظا ويتم حالياً تنفيذ العمليات الإنشائية على أول طريق رئيسية (بوليفارد) داخل المشروع، وستمتد هذه الطريق على مسافة 15 كيلو مترا محتضنة 3 آلاف شجرة نخيل، كما تم إجراء اختبارات التربة وهندسة الأساسات لعدد من الوحدات السكنية بالإضافة إلى وضع التصميم النهائي لإحدى بوابات الدخول الرئيسية وتم الانتهاء أيضا من تصاميم مرسى بحري وأولى الحدائق المطلة على الكورنيش.

http://www.asharqalawsat.com/details.asp?section=6&issue=10153&article=382833

Nice project.

Very good :)

International Airport to Be Built in Rabigh
P.K. Abdul Ghafour, Arab News


JEDDAH, 10 October 2006 — An international airport will be established as part of the King Abdullah Economic City (KAEC) in Rabigh, about 200 km north of Jeddah, according to Mohamed Ali Alabbar, chairman of Emaar Economic City Company. “The new airport will serve the economic city and nearby areas,” Alabbar said, adding that it would facilitate transport of passengers and cargo to and from KAEC, which is expected to attract investment projects worth more than SR200 billion.

The airport project will figure prominently at the first meeting of the company’s board of directors today. The board will also discuss other expansion projects since Custodian of the Two Holy Mosques King Abdullah has agreed to increase the city’s area from 55 to 168 million square meters. Economic analysts said the decision to increase KAEC’s area by three times would double the investments. As a result, the company is likely to hike its capital from SR8.5 billion to SR16 billion.

Abdullatif Basheikh, professor of accounting at King Abdul Aziz University in Jeddah, said that after the expansion of its area, the city would attract investment projects worth SR200 billion, instead of SR100 billion as previously estimated. Ali Al-Hazmi, another analyst, said the expansion of KAEC’s area would have far-reaching impact as it would increase its assets and create room for more vital projects.

KAEC will have six distinct components — a modern world-class seaport, an industrial district, a financial island, an education zone, resorts and residential area. Completion of the overall project will be in stages with the first batch of businesses and residents moving into the city within 36 months.

Emaar Properties, the world’s largest real estate company in terms of market capitalization, is the master developer of this ambitious project. SAGIA (Saudi Arabian General Investment Authority), the body responsible for inward investments into the Kingdom, is the prime facilitator for the development.

Source: Arab News (http://www.arabnews.com/?page=1&section=0&article=87939&d=10&m=10&y=2006)

I wonder how many Million square meters Jeddah is built on, And this is absolutely Great news!!,

The project is going from 25 billion to 50 Billion Dollars.

I wonder though where the expansion is happening?? Along the Coast towards Jeddah and Rabigh or Will it be Inwards, deep inside the inner city??

International Airport to Be Built in Rabigh
P.K. Abdul Ghafour, Arab News


JEDDAH, 10 October 2006 — An international airport will be established as part of the King Abdullah Economic City (KAEC) in Rabigh, about 200 km north of Jeddah, according to Mohamed Ali Alabbar, chairman of Emaar Economic City Company. “The new airport will serve the economic city and nearby areas,” Alabbar said, adding that it would facilitate transport of passengers and cargo to and from KAEC, which is expected to attract investment projects worth more than SR200 billion.

The airport project will figure prominently at the first meeting of the company’s board of directors today. The board will also discuss other expansion projects since Custodian of the Two Holy Mosques King Abdullah has agreed to increase the city’s area from 55 to 168 million square meters. Economic analysts said the decision to increase KAEC’s area by three times would double the investments. As a result, the company is likely to hike its capital from SR8.5 billion to SR16 billion.

Abdullatif Basheikh, professor of accounting at King Abdul Aziz University in Jeddah, said that after the expansion of its area, the city would attract investment projects worth SR200 billion, instead of SR100 billion as previously estimated. Ali Al-Hazmi, another analyst, said the expansion of KAEC’s area would have far-reaching impact as it would increase its assets and create room for more vital projects.

KAEC will have six distinct components — a modern world-class seaport, an industrial district, a financial island, an education zone, resorts and residential area. Completion of the overall project will be in stages with the first batch of businesses and residents moving into the city within 36 months.

Emaar Properties, the world’s largest real estate company in terms of market capitalization, is the master developer of this ambitious project. SAGIA (Saudi Arabian General Investment Authority), the body responsible for inward investments into the Kingdom, is the prime facilitator for the development.

Source: Arab News (http://www.arabnews.com/?page=1&section=0&article=87939&d=10&m=10&y=2006)


WOW ! amazing it is will be the best city in this world have everything !! :rock:


Go Saudi :cheers1:

How stupid. Let them finish what they're constructing first, THEN think about expanding when the need arises.

This has become a joke

woooooooooooow that is soooo gr8, doubling KAEC three times it's size from 55 million to 168 million square meters, that is so nice, i wonder when this big project is gonna finish, plus don't u guys think that the funding 4 the project needs a lil more money

great news. 168 square km means that it will probably be about 5 by 35 km costal city.

^^ Not necessarily, the expansion is mostly inland:


http://business.maktoob.com/news/20061011102101%5CKing-Abdullah-Economic-City-masterplanbefore-after.JPG

Emaar.E.C expands size of King Abdullah Economic City project
[Wednesday, October 11, 2006 2:21:00 pm]

* Add to My Alerts
o Emaar the Economic City (Emaar.E.C)




More on: Emaar the Economic City (Emaar.E.C)
Emaar.E.C to be listed on Tadawul on October 7
Emaar the Economic City (Emaar.E.C) has significantly expanded the size of its largest-ever development in the Middle East, King Abdullah Economic City (KAEC) in Saudi Arabia, by nearly four times to cover an area of over 168 million sq metres and unveiled a new masterplan.

The Tadawul-listed company has modified the KAEC masterplan to make substantial additions to its six major components %u2013 the Port, Industrial District, Central Business District (including commercial, mixed-use, retail and Financial Island), Resort, Educational Zone and Residential (including corniche and souks).The expansion will help generate more employment opportunities for Saudis, enhance foreign direct investment and boost the Kingdom%u2019s economy.

The Emaar.E.C board of directors met on Tuesday in Jeddah and approved the ambitious growth programme in addition to outlining the scope of expansion of the various zones within the project.
%u201CKing Abdullah Economic City is the single largest private sector development in Saudi Arabia and has been inspired by the vision of The Custodian of the Two Holy Mosques King Abdullah bin AbdulAziz AlSaud to energize the Kingdom%u2019s economy,%u201D said Mr Mohamed Ali Alabbar, Chairman, Emaar.E.C. %u201CKing Abdullah had instructed that the project must serve the largest possible number of Saudis and expand in its size and scope of operations accordingly.%u201D

KAEC is expected to usher in a new era of economic prosperity to the Kingdom. Saudi Arabian General Investment Authority (SAGIA), the body responsible for inward investment to the Kingdom, is the prime facilitator of KAEC.

Following the expansion, the project has the potential to generate one million jobs for Saudi citizens and will serve as home to two million residents. The jobs created will 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).

KAEC is situated on a greenfield site on the Red Sea coast. It offers easy access to the two Holy Cities of Makkah and Madina and is also near to Jeddah. %u201CWe are creating a new nerve-centre for global businesses that look at Saudi Arabia for the investment opportunities provided by the Kingdom,%u201D said Mr Alabbar.

%u201CThis aligns with the vision outlined by The Custodian of the Two Holy Mosques King Abdullah bin AbdulAziz AlSaud to make the Kingdom among the top 10 most competitive nations in the world by 2010,%u201D added Mr Alabbar. %u201CUnited Nations Conference on Trade and Development (UNCTAD) has already ranked Saudi Arabia number one in inward foreign direct investment in the Arab world.%u201D
%u201CThis expansion is a landmark move for Emaar.E.C, which has gained the trust of the Saudi citizens,%u201D said Mr Nidal Jamjoom, Chief Executive Officer, Emaar.E.C. %u201CEvery component of the project is being scaled up corresponding to the addition of the land. This expansion will eventually translate into more business opportunities for Saudis as well as overseas investors.%u201D

RSP Architects, master planners of King Abdullah Economic City, has revised the overall masterplan of the project. Additional detailed masterplanning was provided by WATG for resorts and residential zones, SOM for the city centre and Parsons International for the Industrial Zone.

%u201CCovering 13.8 million sq metres %u2013 a major increase of 11.2 million sq m from the earlier project - the Seaport will be the largest in the region with a capacity of over 10 million twenty-foot equivalent unit (TEU) containers per year, which is significantly higher than all other regional ports,%u201D said Mr Alabbar. %u201CThe port will have facilities to handle cargo and dry bulk, and will be equipped to receive the world%u2019s largest vessels. Another key component of the Port will be a custom-built Hajj Terminal.%u201D

Following the expansion, the Industrial District will cover 40 million sq m %u2013 five times more than previously envisaged. The 4,000 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 Industrial District will have specific initiatives to encourage local entrepreneurs through incubator-like modules. International experts have been consulted to ensure that the Industrial Zone development is in line with best environmental practices.

The Central Business District (CBD) will offer 3.8 million sq m of office space, hotels and mixed-use commercial space. The Financial District, within the CBD, has now been doubled in area to cover 14 hectares of land, which will be the largest regional financial nerve centre for the world%u2019s leading banks, investment houses and insurance groups.

The retail component of KAEC takes a quantum jump following the expansion of the project. From an area of 3.3 million sq m, the total retail facilities will now spread to cover 8.7 million sq metres and house over 50,000 shops, nearly three times the earlier estimate. The retail components include shopping malls, town centers, neighbourhood malls and street shops.

The Hospitality zone will be another strategic component of the new expansion with the number of hotel rooms and suites being increased from 12,000 rooms in 60 hotels to 25,000 hotel rooms in more than 120 hotels. An ideal place to work and live, the KAEC will now have 250,000 apartments and 25,000 villas %u2013 a leap from 110,000 apartments and 16,000 villas.

The project has added 4.5 million sq m of parks and wadis that will enhance the aesthetic appeal provided by 4.9 million sq m of new water canals, which are very wide through its entire course thus creating additional waterfront. The canals are inspired by the waterways of Amsterdam and will offer 75 km of pedestrian promenade. With the introduction of the canals, more than 42 linear kilometres of waterfront has been added on to the project. Residents can thus enjoy beach boardwalks, sea water lagoons and the natural beaches fronting the Red Sea. For marine enthusiasts, the project will have five yacht clubs that can berth more than 3,000 vessels.
Building on the socio-cultural environment demanded of living environments, KAEC will have 550 mosques including several Grand Mosques in the residential zones. Several schools will be opened to cater for the educational needs of children in each community apart from a University campus for 18,000 students. A sports stadium will also be part of the project, which will have 45,000 seats.

Emaar.E.C recently set a record of sorts in the history of the Kingdom%u2019s capital market when its initial public offering fetched an overwhelming response. With an authorized share capital of SR8,500 million, comprising 850 million shares of nominal value SR10 each, Emaar.E.C offered 30 per cent of the equity, fully subscribed by the public.

Open only for Saudi nationals, the IPO was for 255 million shares at a nominal value of SR10 each. Approximately half the country%u2019s national population subscribed to the ten-day IPO. Oversubscribed by 2.82 times, the SR2.55 billion IPO received 2.8 million applications with the total amount subscribed at SR7.18 billion.

Work is on-schedule at KAEC. The overall project will be completed in stages, with the first batch of commercial houses and residents expected to take possession in the last quarter of 2008.

المشروع يوفر مليون فرصة عمل للسعوديين ويحتضن 2 مليون قاطن
"إعمار الإقتصادية" تضاعف مشروع "مدينة الملك عبدالله" 4 مرات

http://www.alaswaq.net/files/image/large_63072_3455.jpg

الأسواق.نت


ضاعفت شركة إعمار المدينة الاقتصادية حجم مشروع "مدينة الملك عبدالله الاقتصادية" في المملكة العربية السعودية بنحو 4 مرات، لتصل المساحة الإجمالية التي يغطيها إلى 168 مليون متر مربع، مما يجعله أكبر مشروع للتطوير العقاري على الإطلاق في الشرق الأوسط.
وخسر سهم شركة إعمار المدينة الإقتصادية 8.7%، من قيمته في أول تراجع سعري له منذ تداوله بالسوق السبت الماضي، ليغلق عند مستوى 36.75ريال، مسجلاً اعلى كمية تداول على مستوى السوق، بلغت 80.9 مليون سهم، قيمتها الإجمالية 3.25 مليار ريال.


تعديل المخطط الأساسي

وقالت الشركة المدرجة حديثاً في سوق الأسهم السعودية "تداول" ، في بيان أصدرته الأربعاء، 11-10-2006، أنها قامت بتعديل المخطط الأساسي لمدينة الملك عبدالله الاقتصادية، بحيث يتضمن توسعات كبرى وتعديلات جذرية على مناطق المدينة الست، وسوف تساعد هذه التوسعة في إيجاد المزيد من فرص العمل للمواطنين السعوديين، وزيادة تدفق الاستثمارات الأجنبية المباشرة إلى البلاد، ودفع النمو الاقتصادي للمملكة.

وإجتمع مجلس إدارة "إعمار المدينة الاقتصادية" أمس الثلاثاء في جدة، ووافق على برنامج النمو الطموح، بالإضافة إلى تحديد نطاق التوسعة في مناطق المشروع المختلفة.

وقال محمد بن علي العبار، رئيس مجلس إدارة إعمار المدينة الاقتصادية في تعليق له على هذه الخطوة "تمثل مدينة الملك عبدالله الاقتصادية أكبر استثمارات القطاع الخاص في المملكة العربية السعودية، كما أنها تجسد جانباً من رؤية خادم الحرمين الشريفين الملك عبدالله بن عبدالعزيز آل سعود، في حفز النمو الاقتصادي في المملكة، حيث أعطى توجيهاته بأن يخدم هذا المشروع أكبر عدد ممكن من أبناء المملكة، وأن تتم زيادة حجم ونطاق العمليات بما يحقق هذا الهدف ".

وأضاف أنه في أعقاب توسعة مساحة المدينة، من المتوقع أن توفر مليون فرصة عمل للمواطنين السعوديين، وأن تحتضن مليوني قاطن، وستتوزع فرص العمل الناجمة عن المشروع على القطاع الصناعي والصناعات الخفيفة (330 ألفاً)، والأبحاث والتطوير (150 ألفاً)، والأعمال والمكاتب (200 ألف)، والخدمات (115 ألفاً)، والضيافة (60 ألفاً)، والتعليم والخدمات الاجتماعية (145 ألفاً).


مركز عالمي جديد للأعمال

تقع مدينة الملك عبد الله الاقتصادية بالقرب من ساحل البحر الأحمر، وتتيح الوصول بسهولة إلى مكة المكرمة والمدينة المنورة، كما أنها قريبة من جدة، وقال العبار: "ما نطوره اليوم هو مركز عالمي جديد للأعمال يهدف إلى احتضان الشركات الساعية إلى المملكة بحثاً عن فرص استثمارية".

وأضاف العبار: "ينسجم هذا المشروع العملاق مع رؤية خادم الحرمين الشريفين، بأن تصبح المملكة من بين أكثر 10 اقتصادات عالمية تنافسية بحلول عام 2010، وقد صنف "مؤتمر الأمم المتحدة للتجارة والتنمية" (أونكتاد) المملكة العربية السعودية في المرتبة الأولى في العالم العربي من حيث تدفق الاستثمارات الأجنبية المباشرة".

من جهته، قال نضال جمجوم، الرئيس التنفيذي لإعمار المدينة الاقتصادية "تشكل هذه التوسعة نقلة نوعية بالنسبة لشركة إعمار المدينة الاقتصادية التي حازت ثقة عامة الجمهور السعودي، وقد تمت توسعة كل واحدة من مناطق المشروع بشكل متناسب مع الزيادة في مساحة أرض المشروع، وسوف تترجم هذه التوسعة إلى المزيد من الفرص للسعوديين والمستثمرين الأجانب على حد سواء".


المشروع بالأرقام

في الوقت الذي قامت فيه شركة "آر إس بي" الهندسية؛ المسؤول الرئيسي عن تخطيط مدينة الملك عبدالله الاقتصادية؛ بمراجعة مخطط المشروع وزيادة المساحة الإجمالية للمدينة إلى 168 مليون متر مربع، ساهمت شركات "دبليو أيه تي جي" و"إس أو إم" و"بارسونز الدولية" على التوالي بوضع المخططات التفصيلية الإضافية لمناطق المنتجعات والأحياء السكنية ومركز المدينة والمنطقة الصناعية.

وأوضح العبار أنه في ظل التوسعة الجديدة، ستتم زيادة مساحة الميناء البحري بواقع 11.2 مليون متر مربع عن المخطط القديم، لتصبح مساحته الإجمالية 13.8 مليون متر مربع ويتحول إلى أكبر ميناء في المنطقة بقدرة استيعابية تزيد على 10 ملايين حاوية نمطية سنوياً.

كما سيتم تجهيز الميناء لمناولة الطرود والبضائع السائبة ولاستقبال أكبر سفن العالم، كما أن المنشآت الأخرى في الميناء ستضم مبنى خاصاً للحجاج، وستغطي المنطقة الصناعية بعد التوسعة 40 مليون متر مربع، أي ما يعادل 5 أضعاف المساحة التي كانت مخططة سابقاً، وسيتم تخصيص المساحة البالغة 4 آلاف هكتار من الأرض للمنشآت الصناعية والصناعات الخفيفة، والتي أظهرت الدراسات أنها من المجالات الحيوية لتنويع الاقتصاد السعودي، ويمكن لهذه المنطقة احتضان 2700 منشأة صناعية، أي ضعف العدد الذي كان مزمعاً من قبل.


مركز المال

وأما حي الأعمال المركزي، فسوف يوفر 3.8 مليون متر مربع مبني من الحيز المخصص للمكاتب والمرافق متعدد الاستخدامات والمنشآت الفندقية. كما تمت مضاعفة "الجزيرة المالية" إلى 14 هكتار من الأرض، حيث ستكون مركزاً إقليمياً هاماً للمصارف العالمية وبيوت الاستثمار الكبرى ومجموعات التأمين الرائدة.

وتحقق المنطقة التجارية في مدينة الملك عبد الله الاقتصادية من خلال هذه التوسعة قفزة هائلة بواقع 3 أضعاف تقريباً، حيث ستغطي مساحة قدرها 8.7 مليون متر مربع وتضم أكثر من 50 ألف متجر، بعدما كانت المساحة المخصصة لها 3.3 مليون متر مربع، وسوف تشهد المنطقة التجارية أيضاً مجموعة من مراكز التسوق المتكاملة وأسواقاً مركزية ومجموعة من المحال التجارية.

وكانت إعمار المدينة الاقتصادية قد طرحت 30% من إجمالي رأسمالها العام البالغ 8500 مليون ريال والموزع على 850 مليون سهم للاكتتاب العام، أي ما يعادل 255 مليون سهم بقيمة اسمية وقدرها 10 ريالات للسهم الواحد.

وقد سجلت عملية الاكتتاب، التي فتحت أمام المواطنين السعوديين حصراً، رقماً قياسياً في تاريخ الاكتتابات التي شهدتها أسواق المال في المملكة، مع تجاوز عدد المكتتبين أكثر من 10 ملايين مكتتب، أي ما يقارب نصف سكان المملكة من السعوديين.

كما فاق حجم الاكتتاب القيمة المستهدفة بـ 2.82 ضعفاً، ليصل مجموع المبالغ المكتتب بها مع إغلاق باب الاكتتاب إلى 7.18 مليار ريال سعودي توزعت على 2.8 مليون طلباً.

وتجري حالياً الأعمال الإنشائية في المشروع على قدم وساق، حيث من المتوقع انتقال أول مجموعة من الشركات والسكان إلى المدينة التي يتم تنفيذها على عدة مراحل في الربع الأخير من العام 2008.



The project provides one million jobs for Saudis, embraces two million dweller "Economic reconstruction" doubled the "King Abdullah City" four times.


http://www.alaswaq.net/files/image/large_63072_3455.jpg


The company doubled the size of the economic reconstruction of the city of the "King Abdullah Economic City" in the Kingdom of Saudi Arabia at about four times, to reach the total area covered by the 168 million square meters. , which makes it the largest real estate development project ever in the Middle East. Company shares lost economic reconstruction of the city 8.7% of its value in the first price decline since the market traded last Saturday, to be retried at the level of 36.75 riyals, recording the highest quantity of circulation at the level of the market, amounted to 80.9 million shares, a total value of 3.25 billion riyals. Amending the basic outline The company said the newly listed in the stock market in Saudi Arabia "circulation" in a statement issued on Wednesday, 10 - 11-2006 she had planned to amend the Statute of the city of King Abdullah Economic, to include major expansions and radical amendments to the six areas of the city, and this expansion will help in creating more job opportunities for Saudi citizens, The increased flow of foreign direct investments into the country, pushing the economic growth of the Kingdom. He met with the Board of Directors of the "economic reconstruction of the city" yesterday, Tuesday, in Jeddah, and agreed on a program of ambitious growth, in addition to defining the scope of the expansion project in various areas. He said Mohammed bin Ali Abbar, board chairman of the city's economic reconstruction comment on this step, "representing the city of King Abdullah Economic largest private sector investment in Saudi Arabia, It also embodies a vision of the Custodian of the Two Holy Mosques, King Abdullah Bin Abdul-Aziz Al Saud. to stimulate economic growth in the Kingdom, where I directed that the project would serve the largest possible number of the sons of the kingdom. and to increase the size and scope of operations to achieve this objective. " He added that in the wake of the enlargement of the area of the city, is expected to provide 1 million jobs for Saudi citizens, and that attracts two million dweller, The inspectors employment resulting from the project on the industrial sector and light industry (330 thousand), research and development (150 thousand), business and office (200 thousand), and services (115 thousand), hospitality (60 thousand), education and social services (145 thousand). The new world of work The city is King Abdullah Economic near the Red Sea coast, and allowing easy access to Mecca and Medina, and is close to his grandfather, Abbar said : "What we are developing today is a world center of the new work aims to embrace companies seeking to Saudi in search of investment opportunities." Abbar added : "This is consistent with the vision of the giant project Custodian of the Two Holy Mosques, Kingdom to become among the most competitive global economies of 10 by 2010. The brand "of the United Nations Conference on Trade and Development" (UNCTAD) Saudi Arabia ranked first in the Arab world in terms of the flow of foreign direct investment. " For his part, Nidal Jamjum, Executive President of the economic reconstruction of the city, "This expansion quantum leap for the company economic reconstruction of the city which have earned the confidence of the general public Saudi each expansion has been one of the project areas to be proportional to the increase in the area of the project's land, and this expansion will translate into more opportunities for Saudis and foreign investors alike. " Project figures At a time when the company "RS" system engineering; primarily responsible for the planning, King Abdullah Economic City; audit outline of the project and increase the total area of the town to 168 million square meters. companies contributed "W. G. any T" and "S or mother" and "Parsons international" respectively develop detailed plans for the additional resort areas, residential areas and the center of the city and industrial area. Abbar explained that in light of the new expansion, will increase the area of the seaport at 11.2 million square meters from the old scheme, to become a gross area of 13.8 million square meters and turn into the largest port in the region with a capacity of more than 10 million standard containers annually. The port will be equipped to handle parcels and bulk cargo ships and receive greater world, The other facilities at the port will include the building of special pilgrims, and will cover an industrial zone after enlargement 40 million square meters. the equivalent of five times the space that was previously planned. , will be allocated area of four thousand hectares of land for industrial plants and light industries, and studies have shown that it is one of the critical areas to diversify the Saudi economy, and this region can embrace 2700 industrial establishments, that is twice the number that was planned. Center Capital The Central Business District, it will provide 3.8 million square meters of building space for offices and multi-use facilities and hotel facilities. It was double the "financial island" to the 14 hectares of land, as a regional center will be important for global banks and major investment houses and insurance groups pilot. Verification and trading area in the city of King Abdullah economic expansion through this huge leap by almost three times. where will cover an area of 8.7 million square meters and includes more than 50 thousand shop after the area allocated to 3.3 million square meters. It will also witness the trade group of shopping centers and markets integrated centralized set of shops. The economic reconstruction of the city had put 30% of the total capital of General million riyals in 8500 and distributed to 850 million shares for public subscription, the equivalent of 255 million shares at a nominal value of 10 riyals per share. The subscription has been recorded, which was opened in front of Saudi citizens exclusively, a record in the history of financial promises in the capital markets in the Kingdom, with the number of subscribers more than 10 million in liquid form, any nearly half the population of the Kingdom of Saudi. It also exceeded the volume of the subscription value target at 2.82 times, of the total amounts subscribed with the closure of the subscription to 7.18 billion Saudi riyals were distributed among 2.8 million request. The construction works are underway in the project in full swing, as expected transition from the first group of companies and the population to the city, which will be carried out in several stages in the last quarter of the year 2008.


http://www.alaswaq.net/articles/2006/10/11/3455.html

http://www.skyscrapercity.com/newreply.php?do=newreply&noquote=1&p=10090800
:runaway: :runaway:

wooooooow this is gr8 news u guys

:eek2::eek2::banana: King Abdullah Economic City is a huge proyect, imagine they're going to build an entire city in the desert, that's great. Now I know what the Middle East people can do, especially the Saudi Arabians.

Guys, EMAAR has updated its KAEC site for the project. You can easily see how much larger this new city is than the previous one. Its looking great!

http://www.kingabdullahcity.com/en/

The size of the port resembles Dubai's, interesting stuff.

uoft, u mean that dubai has a port that is as large as this one?

uoft, u mean that dubai has a port that is as large as this one?

Well just my guesstimate that the two are probably close in their relative size. Maybe Hijazzy or someone else can verify these claims?

They sure look pretty similar I could be wrong Shaggy.

Does anyone have pics of the construction site?

Some photographs of the newely constructed Showroom & Investor Relations Center at the King Abdullah Economic City, that I found on the Internet.

Somebody in Jeddah should really go up there sometime in the near future and snap a couple of pictures!

http://farm1.static.flickr.com/55/409763149_34ce7ec092_b.jpg

http://farm1.static.flickr.com/157/409763150_c01e79e826_b.jpg

Exterior Facade undergoing final finishings....looks like part of the roofing still needs to be installed they still have the blue styrofoam pads in place

http://farm1.static.flickr.com/133/409763155_e44afc4fe4_b.jpg

http://farm1.static.flickr.com/187/409776516_48878e5765_b.jpg

OMG:eek:

i dont see any pics

Nice pic's Saudi Dunes ;)

Very nice .

Does anyone have pics of the construction site?


It is still desert and Emaar management building is being built now + mobilization services, roads and camps only.

http://v2.arabianbusiness.com/images/magazines/arabian_banking_and_finance/web/fullsize/KAEC_full.jpg

KSA economic cities set to pay off
by Daniel Stanton on Sunday, 18 March 2007

Saudi Arabia is now a "key destination" for attracting private sector industry from abroad, according to a new study by one of the region's investment houses.

Global Investment House reported that moves by the Kingdom's government to provide industries with investment benefits and set up world-class infrastructure had helped to make entry to Saudi Arabia's industrial sector lucrative for foreign and private investors.

Jeddah Islamic Port is currently being redeveloped with a 45% increase in capacity, while there are also plans to build new railway lines and expand the airports in Madinah, Jeddah and Tabuk.

The report notes that the four economic cities announced in Saudi Arabia - King Abdullah Economic City, Prince Abdulaziz bin Mousaed Economic City, Knowledge Economic City, and Jazan Economic City - are crucial to the Kingdom's strategy.

According to SAGIA, the Saudi Arabia General Investment Authority, the four cities are expect to attract investments worth more than SR300 bn (US$80bn) and create more than a million jobs within the next 10 to 20 years.

A study is currently underway to establish two more economic cities, one in Tabuk and one in the Kingdom's eastern region.

Since its inception in 2000, SAGIA has licensed 3,608 projects with a value of SR292.7 bn (US$78 bn), of which 38% was from foreign investors.

that is a nice rendering! is that the financial island?
im quite interested in the financial island, whats it gona look like now after the expansion of KAEC?
does anyone have detailed shots of the towers proposed?

thanks!

When is the project supposed to be complete?

And when is the first phase set to be complete?

Thanx

^^^the first phase will be the port.

any update for the construction ?

When is the project supposed to be complete?

And when is the first phase set to be complete?

Thanx

1- Project is supposed to be completed 100% after 20 years inshallah.

2- First phase should be finished after 2 years inshallah.

What i said above is the schedule of the project but you know that mostly the contractors never finish according to job schedule :ohno:

1- Project is supposed to be completed 100% after 20 years inshallah.

2- First phase should be finished after 2 years inshallah.

What i said above is the schedule of the project but you know that mostly the contractors never finish according to job schedule :ohno:


20 years !!

Is not supposed that this project would contribute in solving the recent unemployment problem?

i think 20 years too much,these city will building by many company not by one side!!!

For a 168 million square meters project, I think 20 years is okay. That's about a new world class city with an area of about 20 km by 10 km.

I hope the build this interesting project, I think that it's a great project.

When is the "central business district" going to be ready?

GOOD NEWS that supertall tower Increased to 125F :D i read it in newspaper.

GOOD NEWS that supertall tower Increased to 125F :D i read it in newspaper.


Good news,

but, my question is "when is it going to be ready with the central business district"?

that will take long time to done more than 5 or even 10 years i think.

http://v2.arabianbusiness.com/images/magazines/arabian_banking_and_finance/web/fullsize/KAEC_full.jpg

KSA economic cities set to pay off
by Daniel Stanton on Sunday, 18 March 2007

Saudi Arabia is now a "key destination" for attracting private sector industry from abroad, according to a new study by one of the region's investment houses.

Global Investment House reported that moves by the Kingdom's government to provide industries with investment benefits and set up world-class infrastructure had helped to make entry to Saudi Arabia's industrial sector lucrative for foreign and private investors.

Jeddah Islamic Port is currently being redeveloped with a 45% increase in capacity, while there are also plans to build new railway lines and expand the airports in Madinah, Jeddah and Tabuk.

The report notes that the four economic cities announced in Saudi Arabia - King Abdullah Economic City, Prince Abdulaziz bin Mousaed Economic City, Knowledge Economic City, and Jazan Economic City - are crucial to the Kingdom's strategy.

According to SAGIA, the Saudi Arabia General Investment Authority, the four cities are expect to attract investments worth more than SR300 bn (US$80bn) and create more than a million jobs within the next 10 to 20 years.

A study is currently underway to establish two more economic cities, one in Tabuk and one in the Kingdom's eastern region.

Since its inception in 2000, SAGIA has licensed 3,608 projects with a value of SR292.7 bn (US$78 bn), of which 38% was from foreign investors.
:clown: it cant be true, wake me up! congratulations guys

Rabigh International Stadium "King Abdullah Economic City"

Installed seating capacity of 54,000 fans

http://img157.imageshack.us/img157/2097/bigsize2bz8.jpg

Big Size " Click Here " (http://img96.imageshack.us/img96/5338/1111ja1.jpg)

Emaar awards KAEC contract to Saudi Binladin

(MENAFN) The Managing Director of Emaar, The Economic City ( Emaar EC) said that the company has signed an agreement with Saudi Binladin Group to build residential apartments at the King Abdullah Economic City (KAEC) project, Khaleej Times reported.

The project includes building 1,040 modern apartments with all supporting services and facilities at the KAEC project, which is considered to be the Middle East's largest private sector led project.

It is worth mentioning that the $26.6 billion KAEC is a mixed-use development covering 55 million square metres of land with 35 kilometers of shoreline near the industrial city of Rabegh.

sound good ,do anyone know what will happining to that factory(Red Bricks Comapny)it locited in same plot of the KAAC port!!!!!

The complete news:

Emaar, The Economic City and Saudi Binladin Group sign contract
Jeddah, Saudi Arabia, April 29, 2007: Emaar, The Economic City (Emaar.E.C), the Tadawul-listed company developing King Abdullah Economic City (KAEC), the single largest private sector-led project in the region, has contracted Saudi Binladin Group to build the first residential apartments at the mega development.

http://www.ameinfo.com/images/news/4/39214-emaar.jpg

Dr Abdulraouf Al Mannaa, Managing Director, Emaar.E.C, and Eng Omar M. Binladin, President, Saudi Binladin Group, yesterday, signed the contract to build the first residential facilities at KAEC which will include 1,040 modern apartments with all supporting services and landscaping.

“KAEC is now on a dynamic development phase and we are finalizing the various contracts that would help us realize this mega-project, which ushers in a new era of economic prosperity for the Kingdom,” said Dr Al Mannaa. “Saudi Binladin Group has proven expertise in projects that demand efficiency in terms of build quality and timely delivery. Our partnership also marks our commitment to the Kingdom to work with home-grown companies that can match any international company in terms of expertise and skills.”

Eng Omar Binladin added: “KAEC is one of the largest private sector projects in the Kingdom of Saudi Arabia, and it is an honour to partner in this mega project. As a Saudi company, our association with KAEC also highlights our involvement in supporting the Kingdom’s economic growth.”

KAEC sprawls over 168 million sq m and is located on the Red Sea coast. It has six key components - the Sea Port, Industrial Zone, Central Business District (including the Financial District), Resort District, Educational Zone and Residential Communities.

“With this agreement, work will start on the first residential communities that overlook the Red Sea,” said Dr Al Mannaa. “The six-storey buildings with secured parking will be set amidst elegant landscapes.”

Reflecting local architectural ethos, the buildings will have traditional Arabesque features that blend modern, luxury finishes that appeal to a discerning clientele. The apartments will be spacious with high ceilings, and all rooms have double-glazed windows for comfort, privacy and energy efficiency.

The homes will be fitted with home appliances such as washing machine, electric oven, hotplate, dishwasher and refrigerator. Bathrooms and kitchens have ceramic wall tiles and quality fixtures. Employing smart home technology, each apartment will be provided with hi-speed Internet connectivity and intercom door entry system.

The Residential Community will also have retail components and a range of amenities that appeal to residents including schools, promenades, health and fitness facilities, children’s play area, barbecue areas and swimming pools.

Twenty-four hour security and maintenance, concierge facility, common area cleaning and landscaping and mobile security service will add to the comfort to living. An integral part of the community is a mosque with an open plaza, which is being designed to evoke traditional artistic aesthetics.

The KAEC Presentation Center and a 15 km access road have been completed earlier this year. Potential investors can have a feel of the model apartments at the Presentation Centre, and also register their interest. KAEC offers easy access to the two Holy Cities of Makkah and Madina and is also close to Jeddah.

Source (http://www.emaar.com/MediaCenter/PressReleases/2007April29.asp)

Another no-bid contract?

good news

saudi guy or dream why dont u guys go to emaar economic city and take pictuers for the construction going on there ??

^ oh c'mon! That's asking a bit too much! Why would anyone want to drive 160KMs just for the pictures!

I think there's nothing much to see over there. Just road building and excavation. I'm not even sure if they started building the port or not!

I VE PASSED THE LOCATION IN MY CAR MANY TIMES BUT DIDNT SEE MANY ACTIVITY IS IT FAR FROM THE HIGHWAY?:ohno:

metal gear...it is going to take some time before anything is really visible..
initially there will be a lot of digging (excavation) and building of basic things like roads so they can transport stuff back and forth :)

I think there's nothing much to see over there. Just road building and excavation. I'm not even sure if they started building the port or not!

That is right 100% and as far I said before and am repeating it now only emaar building (for management) has been built and services roads onlyyyyyy till now and now they started to build small camps for manpower and so on.

Real work did not start yet but it is supposed to start within next 3 months inshallah.

finly i convert the video of KAEC Constraction by CNN, sorry for that text i have trial version:lol:
BJP8ZvOgC0I

^^
This is amzming really azmaing ! :runaway:


Awesome :eek2:

Thanks Saudi Guy!! This was a very informative and interesting video...really enjoyed it!! :)

Thanks Saudi Guy :okay: Only service roads and emaar building are ready as we discussed before + some trees/palms lol

come on guys, let's keep the saudi forum politics free.

but i cant find the sales center on google earth is it in rabegh city or what???

come on guys, let's keep the saudi forum politics free.

if so the will make saudi forum always active but in wars ,if we do that i guss it alowed only in one thread ,that of course if mods agree with us.

Emaar, The Economic City signs contract with International Centre to construct resort villas at King Abdullah Economic City

Posted: 13-05-2007 , 07:15 GMT


Emaar, The Economic City (Emaar.E.C), the Tadawul-listed company developing King Abdullah Economic City (KAEC), the single largest private sector-led project in the region, has signed a construction contract worth SR52 million with International Centre for Commerce and Contracting.



Dr Abdulraouf Al Mannaa, Managing Director, Emaar.E.C, and Mr Mohammed Al-Khuraiji, Chairman, International Centre for Commerce and Contracting signed the deal, which covers the construction of KAEC’s resort villas and main entrance gate.



“After completing the necessary studies and designs, we are now awarding contracts to construction companies for completing KAEC on schedule,” said Dr Mannaa. “Saudi-based companies like International Centre have extensive expertise and perfectly complement our aspiration to develop a world-class mega project.”



Mr Al-Khuraiji said: “KAEC is one of the most prestigious developments in the Kingdom, and as a home-grown company, it is our privilege and honour to be associated with a project that is billed to usher in a new era of economic prosperity for Saudi Arabia.”



KAEC sprawls over 168 million sq m and is located on the Red Sea coast. It has six key components - the Sea Port, Industrial Zone, Central Business District (including the Financial District), Resort District, Educational Zone and Residential Communities.



The main gate to the project will be 32 metres high and have a length of 150 metres. International Centre will complete construction of the gate in four months. As the main access to the project, the gate will be equipped with closed circuit cameras.



The deal covers the construction of town homes and villas in a total area of 6,400 sq m. The villas, the first development within the Resort District, are scheduled for completion in 10 months.



The Resort District will be a self-contained enclave of residential villas, golf course and resort hotels, set along the shores of Red Sea. It will also feature restaurants, retail outlets, Juma mosque and pedestrian walkways set amidst landscaped gardens.



“There has been considerable investor interest in the Resort District already, and the villas will meet the needs of a discerning clientele looking for world-class homes,” added Dr Mannaa.



Construction of the first apartment buildings in the residential area has commenced and the Presentation Center and a 15 km access road have been completed earlier this year. Potential investors can have a true-to-type feel of the villas at the Presentation Centre, and also register their interest. KAEC offers easy access to the two Holy Cities of Makkah and Madina and is also close to Jeddah.



© 2007 Al Bawaba (www.albawaba.com)

Saudi Oger wins KAEC deal

Saudi Arabia: 1 hour, 29 minutes ago
Emaar, The Economic City has contracted Saudi Oger to undertake the construction of residences at the King Abdullah Economic City. The $131.2m contract will see Saudi Oger build four residential towers which will comprise 616 apartments; the contract also covers the construction of roads, parking areas and landscaping. The towers are scheduled to be completed in 16 months.

ameinfo.com

yahh finly resort will start:)

The towers are scheduled to be completed in 16 months.
dont think that too fast!!:sly:

^^ schedules schedules but they never catch the target of the schedules. We got used for it lol

Actually, Saudi Oger is very well known in how fast they complete their projects. And we don't know how high are those towers. They could be only 15 floors!!!

by the way which contractor is better? Saudi Binladin Group or Saudi Oger ?

Both are very well known companies but as far I heared, Saudi Binladin Group has staff and equipment 10 times more than Saudi Oger. Is it true? any information about what I said above and which company's quality of work is better?

I think that's possible. Saudi Binladin Group is alot bigger than Saudi Oger. In terms of quality, I'm not really sure. I know that both are top rated and built many government and private projects in kingdom and world wide.

i wonder binladen specialize in what!!?they work in various way!!!

تنفذه شركة "سعودي أوجيه" بقيمه 494مليون ريال
"إعمار" تبرم عقد تنفيذ 4أبراج سكنية في مدينة الملك عبد الله الاقتصادية

أبرمت شركة إعمار المدينة الاقتصادية، المدرجة في سوق الأسهم السعودية "تداول" والتي تعمل على تنفيذ مشروع "مدينة الملك عبد الله الاقتصادية أكبر مشاريع القطاع الخاص في المنطقة، عقد تنفيذ العمليات الإنشائية في أبراج المنطقة السكنية بالمشروع مع شركة "سعودي أوجيه المحدودة".
وقام بتوقيع العقد، الذي بلغت قيمته 494مليون ريال ، كل من الدكتور عبد الرؤوف مناع، العضو المنتدب لشركة إعمار المدينة الاقتصادية وأيمن الحريري، عن شركة "سعودي أوجيه". وتنص الاتفاقية على قيام "سعودي أوجيه" ببناء 4أبراج سكنية تحتضن 616شقة مجهزة بكافة المرافق الضرورية، وتتمتع بإطلالات مباشرة على شاطئ البحر الأحمر. وستعمل الشركة، بموجب العقد، على تنفيذ الطرق المحيطة بالمشروع والمؤدية إليه بالإضافة إلى بناء مواقف السيارات وتصميم المساحات الخضراء والحدائق المجاورة.

وقال الدكتور مناع إبان التوقيع على الاتفاقية: "إن سير العمليات الإنشائية في مدينة الملك عبد الله الاقتصادية مستمر بحسب الجدول الزمني المحدد. وكلنا ثقة أن العقد الذي وقعناه مع شركة سعودي أوجيه سيترك أثراً إيجابياً على سير العمل، لا سيما وأن الشركة تتمتع بتاريخ حافل في مجال إنجاز المشاريع الحيوية وفقاً لأرقى المواصفات العالمية وأرقى معايير الجودة".

ومن جهته قال الحريري: "لطالما افتخرت سعودي أوجيه بمساهمتها العميقة في دعم التطوير العمراني وتطوير البنية التحتية في المملكة العربية السعودية. ويشرفنا أن نعمل، من خلال هذه الاتفاقية التي عقدناها مع إعمار المدينة الاقتصادية على المشاركة بشكل فاعل في بناء مدينة الملك عبد الله الاقتصادية هذا المشروع العملاق الذي يعد بمرحلة جديدة من الرخاء الاقتصادي في المملكة".

تمتد "مدينة الملك عبد الله الاقتصادية على مساحة 168مليون متر مربع، في موقع استراتيجي متميز على ساحل البحر الأحمر. وينقسم المشروع إلى 6مناطق رئيسية هي: الميناء البحري، والمنطقة الصناعية، وحي الأعمال المركزي (ويشمل الحي المالي)، والمنتجعات، والمدينة التعليمية، والأحياء السكنية.

ومن المقرر أن تنتهي "سعودي أوجيه" من بناء الأبراج السكنية، التي تتمتع جميع شققها بإطلالات بحرية خلابة وتحيط بها القنوات المائية ومماشي التنزه، خلال 16شهراً. كما يضم المشروع مجموعة من المرافق التكميلية المتنوعة بما في ذلك المطاعم والمراكز التجارية.

واختتم الدكتور مناع قائلاً: "نحن حريصون على أن تتمتع الوحدات السكنية في مدينة الملك عبد الله الاقتصادية بكافة مقومات النوعية الممتازة والفخامة والرقي. ولطالما أثبتت سعودي أوجيه عن جدارة في تنفيذ المشاريع بجودة عالية الأمر الذي يشجعنا على الاستفادة من خبرتها في بناء الأبراج السكنية في المدينة".

تتميز الوحدات السكنية في المشروع بتوفر أنظمة الأمن والصيانة على مدار اليوم، ومواقف السيارات الحصرية، وبرك السباحة الخارجية والردهات الواسعة. وسيتم تزويد الشقق بمختلف الأدوات المنزلية الضرورية بما في ذلك الغسالات والأفران الكهربائية وأجهزة المايكروويف وغسالات الأطباق والبرادات وأنظمة التهوية. وتتمتع جميع الغرف بنوافذ مزدوجة تؤمن درجة كبيرة من الخصوصية والراحة. وتتمتع الأبراج بموقع متميز يسهل الوصول منه إلى العديد من المرافق القريبة ومنها المدارس والجوامع والمنتزهات ومراكز الرعاية الصحية والبدنية وملاعب الأطفال.

وقد بدأت أعمال الإنشاء والبنية التحتية في العديد من مناطق المشروع بعد توقيع العقود مع عدد من الشركات السعودية الرائدة في أعمال البناء. وتم في بداية العام الانتهاء من إنشاء مركز العروض وشق الطريق المؤدية إليه والتي تمتد على مسافة 15كيلومتراً. ويمكن للراغبين بالاستثمار في المشروع زيارة المركز للاطلاع على نماذج الوحدات السكنية وتزويدها بمجموعة من المرافق المتكاملة بهدف إعطاء المستثمرين فكرة واضحة وواقعية عن مجموعة المرافق التي يوفرها لهم في المشروع، والتسجيل على الوحدات السكنية فيه. وتتميز مدينة الملك عبد الله الاقتصادية بموقعها الاستراتيجي وسهولة الوصول منها إلى مكة المكرمة والمدينة المنورة، بالإضافة إلى قربها من مدينة جدة.

See this:



http://www.youtube.com/watch?v=BJP8ZvOgC0I&mode=related&search=

King Abdullah University of Science and Technology

http://www.kaust.edu.sa/images/photo-campus-plan.jpg


http://www.kaust.edu.sa

hmmm looks diffrence previous maps and model!!!

Riyadhi your the best , I was looking for this website , We need thread for this University we wanting you to open new thread. :D Please :D

By theway Saudi Guy this is not Economic City this is the University.

^^i know that it's part of KAEC!

«إعمار المدينة» توقع مع «سيمنس» مذكرة تفاهم لتوريد الطاقة في مدينة الملك عبد الله الاقتصادية

مناع: نسعى لتوفير أحدث التقنيات في تركيب محطات الطاقة

http://www.asharqalawsat.com/2007/07/30/images/economy1.430274.jpg
د. مناع مع المهندس العامودي بعد توقيع مذكرة التفاهم

الرياض: «الشرق الأوسط»
أعلنت شركة اعمار المدينة الاقتصادية عن إبرامها مذكرة تفاهم لتوريد وتركيب محطات وشبكات النقل العامة للطاقة مع شركة سيمنس العالمية في مدينة الملك عبد الله الاقتصادية في رابغ غرب السعودية. وقام بإبرام مذكرة التفاهم الدكتور عبد الرؤوف مناع، العضو المنتدب لشركة اعمار المدينة الاقتصادية مع شركة سيمنس وذلك لتغطية كامل المرحلة الأولى من المدينة في خطة متكاملة تشمل الربط المستقبلي مع شبكات شركة الكهرباء. وتضمنت مذكرة التفاهم حسب بيان شركة اعمار المدينة الاقتصادية تنفيذ المشروع على مرحلتين، المرحلة الأولى يتم الانتهاء منها في نهاية 2008 وتشمل تنفيذ ثلاث محطات رئيسية بجهد 110 كيلو فولتات وشبكاتها، وتشمل المرحلة الثانية من المشروع أربع محطات رئيسية بجهد 380 كيلو فولت وشبكاتها علما بان الفترة الزمنية لتنفيذ المرحلة تنتهي في الثلاثين من يونيو (حزيران) 2010.
وأضاف الدكتور مناع إن الاتفاقية تأتي في ظل حرص المسؤولين بأعمار المدينة الاقتصادية على توفير أحدث التقنيات في مجال توريد وتركيب محطات وشبكات النقل العامة والتي تتميز بالتقنية العالية لتواكب مدينة الملك عبد الله الاقتصادية أحدث تقنيات العصر، والتي تستخدم لأول مرة في السعودية، وحرص من الشركة على اختيار الاسم الذي له خبرة واسعة في هذا المجال، مشيرا الىً إنهم على ثقة بأن «مجموعة سيمنس» بسجلها الحافل بالإنجازات الهامة في هذا المجال، ستعزز من سير العمل في المشروع وتساهم في وضع أسس متينة ترتقي إلى أفضل المعايير العالمية.

من جانبه أوضح المهندس كريم العامودي نائب رئيس شركة سيمنس (أي جي) إن «مدينة الملك عبد الله الاقتصادية» ساهم في وضع مقاييس جديدة لمعايير الجودة والتقنية، حيث تسعى الشركة إلى إن تشارك بشكل فاعل في بناء هذا المشروع العملاق من خلال تقديم خلاصة خبرة الشركة العالمية في مجال توليد الطاقة وتطبيقها في مدينة الملك عبد الله الاقتصادية. وسوف تشمل المناطق التي يتم تغطيتها في مدينة الملك عبد الله الاقتصادية المرحلة الأولى لكل من المنطقة الصناعية والمنطقة السكنية ومنطقة الفلل في المنتجع ومنطقة الجولف ومنطقة الميناء.

وتمتد «مدينة الملك عبد الله الاقتصادية على مساحة 168 مليون متر مربع، في موقع استراتيجي متميز على ساحل البحر الأحمر. وينقسم المشروع إلى 6 مناطق رئيسية هي: الميناء البحري، والمنطقة الصناعية، وحي الأعمال المركزي (ويشمل الحي المالي)، والمنتجعات، والمدينة التعليمية، والأحياء السكنية. وتستمر أعمال الإنشاء في المدينة حسب البرنامج المعتمد.http://www.asharqalawsat.com/details.asp?section=6&issue=10471&article=430274

ohh god just if i can go there and see it by my eyes:(

«إعمار المدينة الاقتصادية» تتفق مع «هوتا» السعودية لتنفيذ القنوات المائية في مدينة الملك عبد الله

بقيمة 66 مليون دولار ويشمل أعمال حفريات بحرية

الرياض: «الشرق الأوسط»
أعلنت شركة اعمار المدينة الاقتصادية عن إبرامها عقد تنفيذ أعمال الحفر والإنشاء للقنوات المائية في أجزاء من مشروع مدينة الملك عبد الله الاقتصادية في رابغ، مع مجموعة هوتا السعودية، بقيمة تصل إلى 250 مليون ريال (66.6 مليون دولار). وتنص الاتفاقية، التي أبرم عقدها الدكتور عبد الرؤوف مناع العضو المنتدب لشركة اعمار المدينة الاقتصادية، وصالح بن لادن رئيس مجلس إدارة مجموعة هوتا، على أن تنفيذ القنوات المائية في المنطقة السكنية الأولى من مدينة الملك عبد الله الاقتصادية، وتشمل أعمال حفريات بحرية بواقع 1.9 مليون متر مكعب مع جدران ساندة، على أن ينتهي العمل بها في أواخر 2008.
وبين مناع أن الشركة راعت في تصميم مدينة الملك عبد الله الاقتصادية الجانب الجمالي للمدينة، من حيث المتنزهات الخضراء والمسطحات المائية، خاصة في المناطق السكنية والمنتجع.

وذكر أن الشركة تسعى، ضمن برنامج المرحلة الأولى، إلى شق 3.5 كيلومتر من القنوات المائية مع نهاية عام 2008، بالإضافة إلى حرص اعمار المدينة الاقتصادية، على اختيار الشركات التي لها خبرة في هذا المجال وبهذا الحجم.

وتطرق مناع إلى أنهم على ثقة بأن مجموعة هوتا السعودية ذات سجل حافل بالإنجازات المهمة في قطاع الإنشاءات، وستعزز من سير العمل في المشروع وتساهم في وضع أسس بنية تحتية قوية ترتقي إلى أفضل المعايير العالمية.

من جهته بين بن لادن أن مدينة الملك عبد الله الاقتصادية ساهمت في وضع مقاييس جديدة لجودة الهندسة الإنشائية، مبديا شرف شركتهم في المشاركة بشكل فاعل في بناء هذا المشروع العملاق، من خلال تقديم خلاصة خبرتهم وتطبيقها في تنفيذ القنوات المائية في المنطقة المتفق عليها. يشار إلى أن شركة اعمار المدينة تعمل على تنفيذ الخطط حسب الجدول المعد لعملياتها في مدينة الملك عبد الله الاقتصادية، حيث تتوقع الشركة انتهاء المرحلة الأولى من عملياتها في الربع الأخير من العام المقبل، من خلال إنشاء الوحدات السكنية، بالإضافة إلى فتح باب الاستثمار في المنطقة الصناعية، التي ذكرت مصادر مطلعة أنها شهدت إقبالا كبيرا من المستثمرين من داخل وخارج السعودية.

http://www.asharqalawsat.com/details.asp?section=6&issue=10474&article=430723

something will change next update on Google earth!!!!

found in flickr from may 2007
Full Size (http://farm2.static.flickr.com/1108/714387384_454ab54927_o.jpg)
http://farm2.static.flickr.com/1108/714387384_2971220865.jpg

Full Size (http://farm2.static.flickr.com/1074/714390280_137117032e_o.jpg)
http://farm2.static.flickr.com/1074/714390280_38f550599c.jpg

Full Size (http://farm2.static.flickr.com/1365/714403276_5a350d41c6_o.jpg)
http://farm2.static.flickr.com/1365/714403276_4dc6ad2bac.jpg

^^

ماشاء الله عليك انا ما ادري كيف توصل للمعلومات والصور
يا حبيبي قلبي الصور روعة ... والله يبغى لي أروح له .. يبي لها روحه يا زهير

تسلم لي على الصور... بعدين غاطس مدري وينك فيه لا حس ولا خبر

عرفت الحين وش قيمة السيارة
;)

When they'll start the construction of this great new city?

^^^^^^^^ they allready did

Great! This is a great project. I hope to see an update of the construction soon.

مع تقديم موعد طرح وحدات سكنية جديدة
السعوديون يلتهمون شقق "البيلسان" خلال 48 ساعة

http://www.alaswaq.net/files/image/large_34543_10705.jpg
حياة سعودية معاصرة في قرية البيلسان



دبي - الأسواق.نت

بعد 48 ساعة من إعلان بدء بيع، أعلنت شركة "إعمار المدينة الاقتصادية" عن بيع كافة الشقق المطروحة للبيع في قرية "البيلسان" في مدينة الملك عبد الله الاقتصادية، واصفة الأمر في بيان صحفي يوم الإثنين الـ10 من سبتمبر/أيلول 2007 بأنه "ثقة المستثمرين بأهمية المشروع".


وأعلن د. عبد الرؤوف مناع، العضو المنتدب لشركة إعمار المدينة الاقتصادية، في مؤتمر صحفي عقد بهذه المناسبة عن تقديم موعد طرح وحدات سكنية جديدة لتلبية الطلب المتزايد من قبل المشترين.

وتمثل قرية "البيلسان" أول منطقة متكاملة في مدينة الملك عبد الله الاقتصادية، وقال المدير التنفيذي للشؤون التجارية المهندس نضال جمجوم في إعمار المدينة الاقتصادية، وعن المميزات التي توفرها القرية لقاطنيها "إنه تم تصميم قرية "البيلسان" لتلبي متطلبات السكان الراغبين بالعيش والعمل في أجواء تتسم بأسلوب عصري على شاطئ البحر الأحمر، وستتوفر في القرية مجموعة من المرافق المتكاملة التي ترتقي إلى أفضل معايير الجودة العالمية".

وأضاف "وتشتمل القرية على مجموعة من الأبراج السكنية والمدارس ومركز للتسوق ومحلات تجارية وجوامع ومطاعم ومصارف ومحطات بنزين وعيادات ومبان مخصصة للمكاتب، وتم اختيار اسم "البيلسان" للمشروع نسبة إلى شجرة البيلسان المعروفة التي كانت عبر التاريخ مصدر إلهام للعلماء مثل ابن سينا".


http://www.alaswaq.net/articles/2007/09/10/10705.html

people hungry!

^^^

Yeah :D

http://www.baylasun.com/

The bay-la-sun translation is a bit cheesy!

Looks nice from the renders.
One thing however, the flats looked a bit small in the virtual tour. I think they should lay them out in a more Saudi friendly way. The living rooms in particular need to be bigger.

BTW, this is the site for their industrial park, "Entaj": www.entaj.com

Emaar signs roadworks deal for Saudi economic city
by Dylan Bowman on Tuesday, 02 October 2007

Emaar the Economic City, lead developer for King Abdullah Economic City (KAEC) in Saudi Arabia, has signed a 129 million riyal ($34.5 million) roadworks contract with Saudi Binladen Group, the company said on Monday.

The project covers the construction of a 13-kilometre road from the KAEC main gate to the Bay La Sun Village residential community within the economic city.

Work is scheduled for completion in seven months.


http://www.arabianbusiness.com/501350-emaar-signs-roadworks-deal-for-saudi-economic-city

^^ seems that saudi binladin group is going to build King Abdullah economic city completely alone :lol: they are getting most of rewards and Saudi oger and other companies are getting "The bones" :lol:

model at cityscape 2007
photos by Imre Slot

Full Size (http://img204.imageshack.us/img204/1892/img1640eu8.jpg)
http://img81.imageshack.us/img81/1422/img1640rc6.jpg

Full Size (http://img145.imageshack.us/img145/8536/img1641ay1.jpg)
http://img147.imageshack.us/img147/5046/img1641vl6.jpg

Full Size (http://img119.imageshack.us/img119/4655/img1642dv3.jpg)
http://img147.imageshack.us/img147/1369/img1642kg0.jpg

^^ Good pictures but Most of the buildings are Small not real supertalls ones. No lot of skyscrapers :sad:

marhaba,

perhaps all available indians who could construct the city are yet busy in Dubai and Abu Dhabi, so thats why they cannot establish to build as high :)
Additionally it is more sustainable not to built this high - and sustainable is good for the climate, good for us ....... good for all.

But I am very pleased to see that not only Emiratis construct islands now a days... also the Kingdom of Saudi Arabia and the Russian Federation are terraforming some pretty islands. Hope they do merely ponder and calculate the climate change issue well ...
Because: If something should melt all that ice, global sea level could rise as much as 7 meters (23 feet).

http://earthobservatory.nasa.gov/Newsroom/NasaNews/2007/2007032324604.html

Best regards
masa el cheir
jens rahnfeld
:banana:

^^are you sure they are busy in dubai?i think they can get more workers!aren't?

^^ Good pictures but Most of the buildings are Small not real supertalls ones. No lot of skyscrapers :sad:

man most building around 20~40 floors isn't nice if we have 100 towers with 30 floor?

^^ I would prefer many supertall buildings like 50 - 100 floors (300M +) lol

http://img265.imageshack.us/img265/2779/baylasunxp8.jpg

^^ it's natural for anyone to have doubts about KAEC...because it really doesn't make sense in many ways..

It's being constructed in an area that is not densely populated..so the obvious concern is whether there will be enough people (even with people migrating from other areas) to populate the city.

And migrating isn't that easy. People cannot just pack their bags and head to KAEC, which is why if this was further south (i.e. closer to jeddah) it would have better chances. Yes, it might provide higher standards of living and it might be new, glitzy, or whatever...but are people prepared to leave the jobs and go to KAEC? Maybe there will be a lot of job opportunities in KAEC but...really if I have a secure well-paid job, why would I really want to move somewhere so far that I'll have to leave the job? It's the same with people with children. Would people want to pull their kids out of school and head for a place without established schools? What about foreigners with kids in foreign schools...such as the schools run by the embassies?

In many ways, this whole thing could be a disaster waiting to happen. My hope is that they've thought about all this...and will develop the city slowly and in phases so it doesn't collapse if people don't more there right away....so people can have a few years to prepare (find jobs/schools/residence) to move to the city...

A project of this magnitude (a la dubai) is pretty crazy...but it's worked for dubai because the projects there allowed people to have everything else stable as they moved to new residences/offices. Hence, my feeling is that it would have worked better if it was closer to Jeddah...which would allow people to keep everything else stable as they relocated their residences and/or offices. Anyway, let's see how it goes :)

Oh..I realize this isn't the KAEC thread...but since we started discussing KAEC.....sorry :)

Well spoken, gohorns,
They have, for sure, thought about all that. But no one can really tell what are their justification for all that. For the proximity to Jeddah, I think they couldn't get land there, since land is owned by the most wealthy in the country, those who refuse to give away or even share any square meter of an opportunity to such a giant foreign ogre. Don't forget that KAEC is meant to be industrial at the first place.
They'll make it succeed, they are decided to d that for sure. But, I hope, like Dubai, they'll do anything to reach that. OR, let's hope not, it would be for sure a distaster.

^^KAEC is a completely new city being built from scratch. Naturally it will take time to establish itself. It wouldn't be surprising if the city takes 20-30 years to fully establish itself. The above points are valid and I am sure any sensible person would have thought these points. I guess they wanted to spread out the development across the country rather than just clubbing all the developments in one, two or few handful areas.

Very Very Very Very nice

http://img104.imageshack.us/img104/134/kaecresortsareans1.png (http://imageshack.us)

woow it's looks bigger that previews renders!!!
btw welcome back Coolsaudi.

Emal announces $5b plan for Saudi smelter
Gulf News, By Shakir Husain, Staff Reporter
Published: January 31, 2008, 01:28


Dubai: Emal International, a joint venture of Abu Dhabi's Mubadala Development Company and Dubai Aluminium Company (Dubal), will set up an aluminium smelter complex in Saudi Arabia at a cost of $5 billion in a bid to boost the company's expansion abroad.

Emal has signed an agreement with real estate developer Emaar Economic City to set up the plant in the latter's King Abdullah Economic City (KAEC) development, according to a joint statement that did not provide details of their partnership.

The smelter will produce 700,000 tonnes of raw aluminium per year in the first phase but capacity can be doubled. Work on the Saudi project is expected to start by year-end.


The smelter at KAEC, a mixed-use project that covers 168 million square metres of area on the Red Sea and includes a sea port and industrial zone, will be among the largest such industrial facilities in the region. It will create more than 2,500 direct and 5,000 indirect jobs, the project's promoters said.

Is there any new "real" photo?

^^no one live in rabigh that why!
http://www.sagia.gov.sa/english/uploads/images/1.JPG
http://www.sagia.gov.sa/english/uploads/images/2.JPG
http://www.sagia.gov.sa/english/uploads/images/3.JPG

SAGIA (http://www.sagia.gov.sa/english/index.php?page=kaec-gallery)

Thank you Saudi guy !

The work is moving slowly ! :ohno:

Cisco to Design Infrastructure Network for King Abdullah Economic City

Highlights KAEC's Evolution as the World's First 'Smart City' and Cisco's Ability to Offer Complete Solutions and New Revenue Streams


February 01, 2008: 05:00 PM EST

Emaar, The Economic City (Emaar.E.C), the Tadawul-listed company developing King Abdullah Economic City (KAEC), has appointed Cisco (NASDAQ: CSCO) to undertake the design of the network infrastructure and connected city services of KAEC.

Mr. Fahd Al-Rasheed, chief executive officer, Emaar.E.C, and Mr. Wim Elfrink, executive vice president and chief globalisation officer, Cisco, confirmed the final agreement in the presence of His Excellency Amr Al-Dabbagh, the governor of Saudi Arabian Investment Authority (SAGIA), and Mr. John Chambers, chairman and CEO of Cisco.

This appointment showcases KAEC's evolution as the world's first 'Smart City' and highlights Cisco's key role in working with Emaar.E.C to meet its objective. Cisco will offer consultancy and advisory services for KAEC and identify networking requirements for infrastructure-related services within the mega-project.

Mr. Fahd Al-Rasheed said: "A reliable networking provider that can meet the diverse needs across its various sectors is critical in the success of KAEC as a 'Smart City' development. As the world's first 'Smart City,' KAEC's superior information and communications technology platform will give it a crucial competitive advantage and deliver modern lifestyles. The design of this network will complement our efforts to ensure next generation connectivity services throughout KAEC. Cisco's proven competence in networking makes it our partner of choice."

Mr. Elfrink added: "The sheer size and varied infrastructure needs of King Abdullah Economic City make networking a challenge as well as an opportunity to highlight Cisco's capabilities. Cisco, through years of experience and continuous research, today, has the unmatched ability to offer networking solutions for large-scale projects, cities and countries. Our solutions are well aligned with KAEC's projected vision of creating an Intelligent city."

The appointment of Cisco to design the information and communications technology infrastructure will form the platform for KAEC to deliver a modern lifestyle and enhance the productivity of the businesses within the 168 million sq m development.

KAEC is the single largest private sector development in the region and is located the Red Sea coast offering easy access to the two Holy Cities of Makkah and Madinah, and the commercial nerve-centre of Saudi Arabia, Jeddah. The Saudi Arabian General Investment Authority (SAGIA), the Kingdom's apex body for strengthening inward investments to the country, is the prime facilitator of KAEC. Several global businesses are expected to establish operations within KAEC, which aims to create jobs for one million people.

KAEC recently unveiled Bay La Sun Village, the first residential component of the project, to overwhelming investor response. Work is progressing on the first phase of the project including the Sea Port, Industrial Zone and Residential Communities.

http://money.cnn.com/news/newsfeeds/articles/marketwire/0355260.htm

Thank you Saudi guy !

The work is moving slowly ! :ohno:

i forgot to say these pictures taken in 2006 i already found it in the link below!

http://aleqt.com/news.php?do=show&id=114184
good news :)

Good morning,:)

good night :)
going to bed ZzZzZ (its 1:30 am here)

i dont see how it will all come up in 10 yrs ..............my thinking it will take longer and manny things will change along the way

the bad news is i know some people who tried to buy a home there ,they found it extremly expensive.

another thing is , this city will not connect with rabigh................

a: because rabigh is something like 40 km away...........

b: because the southern areas of rabigh (the direction of the city ) is beeng populated by industrial ventures mainly the 2nd phase of petrorabigh which consists of about 50 factories ( jointly with saudi private sector)

btw ...........is this the same gate u see passing to jeddah on the highway, or is there 2 of them..................because that gate is not so near to the sea.

Nice Pics

the bad news is i know some people who tried to buy a home there ,they found it extremly expensive.

like how much?
and what kind of home?

like how much?
and what kind of home?

it was a few months ago .............and they were resedints of rabigh.............but i think a flat would cost between500,000sr and 700,000sr..........if i remember correctly.

^^^ Thats definitely tooooooooo much. Emaar is still thinking in Dubai mentality.

Emaar.E.C and Freyssinet Saudi Arabia sign SR348 million contract for first phase of commercial space in King Abdullah Economic City


Jeddah, Saudi Arabia; February 5, 2008: Emaar, The Economic City (Emaar.E.C), the Tadawul-listed company developing King Abdullah Economic City (KAEC), has awarded Freyssinet Saudi Arabia the contract for design and construction of the first phase of the Business Park within Bay La Sun Village – an integrated residential community - in KAEC.

As part of the SR348 million contract, Freyssinet Saudi Arabia will design and construct the first phase featuring two office buildings and a two-storey basement parking. One building will be for the exclusive use of the Saudi Arabian General Investment Authority (SAGIA), the prime facilitator of KAEC; and the other will be partially occupied by Emaar.E.C.

The five-building Business Park covers a total area of 258,000 sq m and will have the entire range of amenities including hi-speed Internet and telecom connectivity, and quality finishes. A day care centre, retail outlets and restaurants will be part of the modern complex.

Fahd Al-Rasheed, CEO, Emaar.E.C, said: “The Business Park will be a unique component of King Abdullah Economic City. Featuring the highest quality design and employing advanced construction practices, it will be a magnet for business investors, who can also benefit from the lifestyle amenities offered at Bay La Sun Village.”

Amjad Demashkieh, Managing Director of Freyssinet said: “Freyssinet Saudi Arabia has proven expertise in delivering world-class projects, and will bring in international standards of infrastructure and build quality to the Business Park and thus enhance investor interest in the project.”

KAEC is the single largest private sector-led project in the region and has six key components: the Sea Port, Industrial Zone, Central Business District (including the Financial District), Resort District, Educational Zone and Residential Communities. Work is progressing according to schedule on the various zones.


http://www.emaar.com/MediaCenter/PressReleases/2008February5.asp

More progress...

Emaar, The Economic City awards SR115 million contract to CEMCCO for developing infrastructure within KAEC’s Industrial Zone


Jeddah, Saudi Arabia; February 13, 2008: Emaar, The Economic City (Emaar.E.C), the Tadawul-listed company developing King Abdullah Economic City (KAEC), has awarded a developmental contract worth SR115 million to Saudi Arabia-based CEMCCO for undertaking the infrastructural work within the mega-project’s Industrial Zone. The contract covers the utilities work over 1.58 million sq metres of land.

The work is part of the first phase of development of the Industrial Zone, which will eventually have an area of 63 million square meters of land dedicated to industrial and light manufacturing facilities. The first phase has been launched to strong investor response and several key players in the global industry have registered interest in KAEC.

CEMCCO will undertake the construction of two sewage pumping stations, irrigation tanks and pump rooms, electrical substation, a potable water network, irrigation and firewater network, MV power cable network and street lighting, sewage network, water storm channel network, telecommunication ducts and roads. Turner will be the project manager and Dar Al Handasah will be the consultant and supervisor.

Mr Fahd Al-Rasheed, CEO, Emaar.E.C said: “King Abdullah Economic City is making rapid strides in its evolution as a premier investment destination for industries. The strong investor response from several industrial and manufacturing companies signals the trust in the high-growth opportunities presented by KAEC.”

He added: “Emaar.E.C partners with renowned contractors and designers in developing KAEC to ensure a world-class development. CEMCCO has proven competencies in infrastructure development and their extensive expertise will help lay down a modern infrastructure for the first phase of the Industrial Zone.”

Eng. Salim Sadiq Al Akhras, General Manager of CEMCCO, Saudi Arabia said: “CEMCCO, part of the TOEC group which has a strong regional presence in Algeria, Sudan, Syria and Qatar, is proud to be taking part in a pioneering project of such proportions. We have plans to have a presence in KAEC through entering the industrial sector and heavy construction alongside the infrastructure development. We are committed to making available all the necessary expertise to ensure the project is delivered on time.”

The Industrial Zone has been specifically designed with the needs of manufacturers in mind, and will eventually host over 2,500 industrialists and manufacturers. The premises are being built in cooperation with world class environmental experts and consultants to ensure the highest specifications of security, safety and environmental preservation.

KAEC has six key components: Sea Port, Industrial Zone, Central Business District, Educational Zone, Resort Zone and Residential Communities. Work on the first phase is on-going and several key contracts have been awarded already.



http://www.emaar.com/MediaCenter/PressReleases/2008February13a.asp

very interesting article can't wait to see updates!

emaar here and there ....

Saudi what is your problem with those Emporis and who are they?!

No "Islamic Art" building?


Is all the building going to be "modern"? That will be sad.

Saudi what is your problem with those Emporis and who are they?!

I'm at Suadi_Guy's side in that. When I first saw Emporis, i didn't like it much. basically we know here in SCC on projects more than what they've got in their database. furthermore, their info are not free..

^^iam working with them as a photogrpher since February 2006 and only active member but they reject 95% of my phtos!belive it or not all mine lamar model photos and renders was rejected they prefer pages to be empty white !
i knew they are watching us somewhere here!

^^ Trust me most of real estate web site news and TV channels are watching us here to get the new informations from us :okay: