KAEC to offer low-cost housing units

Updated 09 December 2014

KAEC to offer low-cost housing units

King Abdullah Economic City (KAEC) will have high environment standards and will be equipped with state-of-the-art technology, a senior official said during Cityquest 2014-KAEC Forum, in Jeddah.
The project will offer low-cost housing units to Saudis and expatriates.
The forum kicked off with a warm welcome by Abdullatif A. Al-Othman, governor of the Saudi Arabian General Investment Authority (SAGIA), who thanked the sponsoring parties for their support.
Al-Othman said investment plans are underway with a strong focus on economic cities as business hubs across the Kingdom.
“The government has identified this sector as the most promising and significant one in terms of job creation, technology transfer and exports development,” he said.
“The Kingdom is developing economic cities based on a strategic vision,” he said, pointing out that KAEC represents an excellent example of a logistic hub in the Kingdom with the launch of the King Abdullah Port (KAP).
Fahd Al-Rasheed, managing director and chief executive of KAEC Group, said that KAEC represents King Abdullah’s vision to reinforce economic development, attract foreign investment, open jobs for young Saudis, and provide residential solutions for citizens.
“KAEC has become a new platform to exchange knowledge, to attract foreign investments and to introduce global initiatives such as KAEC-Cityquest Forum, which embraced the experiences of 20 new cities around the world with more than 200 participants from 35 countries,” he added.


Ukrainian pianist hits the high notes for Taif visitors

Updated 11 min 27 sec ago

Ukrainian pianist hits the high notes for Taif visitors

TAIF: It is not unusual for musicians to aim for the stars, but organizers of the Crown Prince Camel Festival in Taif gave the Ukrainian concert pianist Olina Lukashu a head start.

Visitors to the opening entertainment events at King Faisal Garden were treated to the sight and sound of Lukashu performing 5 meters in the air, dressed in a long white gown that reached down to the ground.

“It was decided to put her at the entrance of the garden, all dressed in white to welcome the visitors,” festival spokesman Saleh Al-Anzi told Arab News.

“It is a new idea that was greatly enjoyed by visitors, who admired her rendition of various musical pieces.”

Among the 25 events taking place in conjunction with this year’s festival is a circus presented by five Latin American countries, Al-Anzi said. There is also a free childcare service, mobile food courts, international restaurants and a live broadcasting studio.  “Visitors will be able to ride camels inside the park, and enjoy the handicrafts on display by various artisans,” he said.

Dr. Sami bin Abdullah Al-Obaidi, chairman of the Council of Saudi Chambers, told Arab News the Taif Season was important in terms of generating employment opportunities for young Saudis, and creating tourist projects. “All the events are full of visitors,” he said.

He said 2,000 jobs were provided during the Taif Season, and those who took up the opportunities gained skills and knowledge about the requirements of an audience.

“Saudi culture has changed, and Saudis have become more aware of global challenges and requirements, and the expectations of tourists and other consumers,” he said. “Taif Season has set a high standard.”