RABIGH l U/C l King Abdullah Economic City. - Page 3

huit · December 22nd, 2005, 12:06 PM

Work has begun!!!!

Source: http://www.arabnews.com/?page=6&sect...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.

Riyadhi · December 22nd, 2005, 12:08 PM

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

***Skoulikimou*** · December 22nd, 2005, 12:09 PM

that was fast

huit · December 22nd, 2005, 12:10 PM

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!

Riyadhi · December 22nd, 2005, 12:15 PM

Quote:

Originally Posted by huit

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.

smussuw · December 22nd, 2005, 12:15 PM

Riyadhi · December 22nd, 2005, 12:18 PM

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

Thanks

smussuw · December 22nd, 2005, 12:22 PM

is this some sort of a creek natural or what?

Riyadhi · December 22nd, 2005, 12:27 PM

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

smussuw · December 22nd, 2005, 12:30 PM

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

***Skoulikimou*** · December 22nd, 2005, 02:25 PM

***B-Patriot*** · December 22nd, 2005, 03:01 PM

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

vc15nets · December 22nd, 2005, 03:11 PM

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!

***B-Patriot*** · December 22nd, 2005, 03:31 PM

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..!!!

vc15nets · December 22nd, 2005, 03:41 PM

huit · December 22nd, 2005, 03:47 PM

Quote:

Originally Posted by vc15nets

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...

***B-Patriot*** · December 22nd, 2005, 03:59 PM

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..!

vc15nets · December 22nd, 2005, 04:01 PM

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

***B-Patriot*** · December 22nd, 2005, 04:06 PM

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

vc15nets · December 22nd, 2005, 04:12 PM

December 22nd, 2005, 12:09 PM	#43
*Skoulikimou* Brief State of Euphoria Join Date: Aug 2004 Location: Kuwait City Posts: 4,149 Likes (Received): 2	that was fast __________________ The whole problem with the world is that fools and fanatics are always so certain of themselves but wiser people so full of doubts.. Bertrand Russell (1872 - 1970)

December 22nd, 2005, 02:25 PM	#51
*Skoulikimou* Brief State of Euphoria Join Date: Aug 2004 Location: Kuwait City Posts: 4,149 Likes (Received): 2	__________________ The whole problem with the world is that fools and fanatics are always so certain of themselves but wiser people so full of doubts.. Bertrand Russell (1872 - 1970)

December 22nd, 2005, 03:11 PM	#53
vc15nets Registered User Join Date: Aug 2005 Posts: 890 Likes (Received): 7	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! Last edited by vc15nets; December 22nd, 2005 at 03:32 PM.

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December 22nd, 2005, 12:06 PM	#41
huit Registered User Join Date: Oct 2004 Posts: 1,389 Likes (Received): 39	Work has begun!!!! Source: http://www.arabnews.com/?page=6&sect...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.

December 22nd, 2005, 12:08 PM	#42
Riyadhi Registered User Join Date: Nov 2005 Posts: 1,982 Likes (Received): 0	Can someone post the picture of the masterplan from the website?

December 22nd, 2005, 12:10 PM	#44
huit Registered User Join Date: Oct 2004 Posts: 1,389 Likes (Received): 39	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!

December 22nd, 2005, 12:15 PM	#46
smussuw Patriotic Emirati Join Date: Feb 2004 Location: Dubai Posts: 7,335 Likes (Received): 2

December 22nd, 2005, 12:18 PM	#47
Riyadhi Registered User Join Date: Nov 2005 Posts: 1,982 Likes (Received): 0	YESSSSSS smussuw,, that's what I'm talking about... Thanks

December 22nd, 2005, 12:22 PM	#48
smussuw Patriotic Emirati Join Date: Feb 2004 Location: Dubai Posts: 7,335 Likes (Received): 2	is this some sort of a creek natural or what?

December 22nd, 2005, 12:27 PM	#49
Riyadhi Registered User Join Date: Nov 2005 Posts: 1,982 Likes (Received): 0	I think it's natural. You can see it on the map that Saudi Guy posted on the second page.

December 22nd, 2005, 12:30 PM	#50
smussuw Patriotic Emirati Join Date: Feb 2004 Location: Dubai Posts: 7,335 Likes (Received): 2	I need glasses then because I cannot see a creek there.

December 22nd, 2005, 03:01 PM	#52
*B-Patriot* Registered User Join Date: Mar 2005 Location: BarBar City Posts: 2,797 Likes (Received): 0	There were 4 whole big pages in our Gulf Daily News today...With some pictures, and descriptions of the project...

December 22nd, 2005, 03:31 PM	#54
*B-Patriot* Registered User Join Date: Mar 2005 Location: BarBar City Posts: 2,797 Likes (Received): 0	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..!!!

December 22nd, 2005, 03:41 PM	#55
vc15nets Registered User Join Date: Aug 2005 Posts: 890 Likes (Received): 7

December 22nd, 2005, 03:59 PM	#57
*B-Patriot* Registered User Join Date: Mar 2005 Location: BarBar City Posts: 2,797 Likes (Received): 0	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..!

December 22nd, 2005, 04:01 PM	#58
vc15nets Registered User Join Date: Aug 2005 Posts: 890 Likes (Received): 7	But the tower in the middle of the financial island looks huge

December 22nd, 2005, 04:06 PM	#59
*B-Patriot* Registered User Join Date: Mar 2005 Location: BarBar City Posts: 2,797 Likes (Received): 0	Yes, and i'm guessing that would be the 100 floor one...

December 22nd, 2005, 04:12 PM	#60
vc15nets Registered User Join Date: Aug 2005 Posts: 890 Likes (Received): 7