King Abdullah Economic City

The King Abdullah Economic City ( KAEC; Arabic مدينة الملك عبد الله اللإقتصادية, DMG Madīnat al -Malik ʿ Abd Allāh al - Iqtiṣādīya to German as " King Abdullah Economic City " ) is a project whereby a metropolitan city in Saudi Arabia is to be built. KAEC will stand for a new, modern and cosmopolitan image of Saudi Arabia.

The project was presented to the public in 2005. King Abdullah bin Abd al- Aziz laid on 20 December 2005 the foundation stone for the planned city that bears his name. The project is headed by the Saudi Arabian General Investment Authority SAGIA short, is being built in collaboration with the Dubai-based developer Emaar Properties.

With a total extension of 168 km ² (about the urban area of Braunschweig ), the planned city geographically convenient location between the two holy cities of Mecca and Medina to the Red Sea, about 125 km north from the economic center of Jeddah. Are planned in addition to new industrial plants and vast housing estates and large buildings and tall skyscrapers that will shape the appearance of Saudi Arabia and the entire Middle East. The project is expected to cost about 110 billion Saudi riyals (about 22 billion euros ). A little further south, near the village of Thuwal, the academic component of the region, King Abdullah University of Science and Technology ( KAUST ) has already been established and built. She has recorded on a 36 -acre campus with adjoining mangrove reserve in the fall of 2009 their operation.

The new city was planned for 2 million inhabitants and 1.8 million more in the agglomeration. It also serves as a much-needed refuge for the annually about 100,000 mostly well -educated young Saudis who have not been absorbed by the labor market. To Settle therefore mainly young, active citizens in the economy. The city is to be developed by an international seaport, an airport and railway lines in the centers of the country; Highway connections already exist in all directions, the further expansion is planned.