Industrial Valley at King Abdullah Economic City in Saudi Arabia attracts 120 firms

Industrial Valley CEO Ayman Youssef Mansi speaks during an interview with Arab News. (AN photo by Huda Bashatah)
Updated 14 May 2018
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Industrial Valley at King Abdullah Economic City in Saudi Arabia attracts 120 firms

  • Industrial Valley CEO Ayman Youssef Mansi was one of the speakers during the first day of the recently concluded Makkah Economic Forum

JEDDAH: With its prime position in King Abdullah Economic City (KAEC), the new global gateway to high-growth markets in the GCC region and East Africa, Industrial Valley is well-placed to serve global trade.

The Valley is connected to King Abdullah Port, the Haramain high-speed railway network, the planned Saudi Landbridge project for freight, and the national highway network. 

Industrial Valley CEO Ayman Youssef Mansi was one of the speakers during the first day of the recently concluded Makkah Economic Forum.

He said that Industrial Valley is a key driver of the KAEC economy, and the fastest-growing logistics and light manufacturing hub in the region.

“It has attracted more than 120 leading local and international companies that have chosen to establish manufacturing plants and logistics facilities there,” he said. 

“The seaport not only serves (Saudi Arabia) but also global markets in East Africa and all parts of the world,” he added.

“We are also working on training and absorbing national youths. We have set up a program called ‘Ambition,’ which has so far trained about 3,000 Saudis.”

The goal, he said, is to become a leading international destination for logistics industries.


Saudi Arabia, South Korea reach agreement on visas

King Salman chairs the Cabinet session in Riyadh on Tuesday. (SPA)
Updated 16 January 2019
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Saudi Arabia, South Korea reach agreement on visas

  • Cabinet OKs air transport pact with Indonesia

JEDDAH: The Saudi Cabinet met to discuss a series of national and global developments on Tuesday, in a session chaired by King Salman.

At the forefront of the agenda was the escalation in tensions between Israel and Hamas along the Gaza border, and the continuing encroachment on Palestinian land by Israeli settlers in the West Bank. The Cabinet responded by demanding that the UN Security Council intervene. King Salman also relayed to ministers the outcome of his talks with US Secretary of State Mike Pompeo, which covered many regional issues.

The minister of media, Turki bin Abdullah Al-Shabanah, announced that after reviewing proposals from the Ministry of Foreign Affairs and a decision from the Shoura Council, a memorandum of understanding between the government and the Republic of Korea on granting visit visas had been agreed upon.

The Cabinet approved the amendment of the air agreement on regular air transport between Saudi Arabia and Indonesia.

The Cabinet, meanwhile, praised the progress of the 2025 Sustainable Agricultural and Rural Development Program, aimed at enhancing farming techniques by promoting sustainable water and renewable energy sources.

They also discussed the framework in Vision 2030 and the National Transformation Program 2020 for building a sustainable renewable energy sector, reiterating aims to lead global renewable energy developments over the next decade, and create projects such as the wind-powered plant at Dumat Al-Jandal, as part of the King Salman Renewable Energy Initiative.

In a statement, though, Al-Shabanah said: “The Cabinet discussed the announcement made by the minister of energy, industry and mineral resources about the Kingdom’s oil and gas reserves, which highlighted the importance of Saudi Arabia as a secure source of oil supplies in the long term.”

He added, in closing, the Cabinet’s praise for the efforts of Saudi security forces in the tracking and arrest of seven people in Qatif, which foiled a planned terrorist attack.