JEDDAH, 22 February 2007 — A delegation from the Jeddah Chamber of Commerce and Industry (JCCI) were impressed by the King Abdullah Economic City (KAEC) development progress and even expressed interests in its Industrial Zone, among others.
Emaar, The Economic City (Emaar.E.C) welcomed the chamber delegation composed of entrepreneurs, industrialists and business professionals who visited the KAEC project site.
The group expressed special interest in the Industrial Zone, which recently commenced online registration for potential investors. Emaar.E.C officials also briefed them about the other components of KAEC including the Sea Port, Central Business District, Educational Zone, Resort District and Residential Zone.
“KAEC offers diverse investment opportunities in sectors such as industries, retail, hospitality, finance, education and property, and the visiting delegation from the Jeddah Chamber of Commerce were impressed by the facilities we offer and the progress on work,” Ahmed Linjawy, executive director, External Relations and Human Resources, Emaar.E.C, said.
KAEC is the single largest private sector project in the Kingdom and sprawls over 168 million sqm of land on the Red Sea coast. “One of the key strengths of KAEC is its central location on the Red Sea coast,” Linjawy added. “Investors can enjoy an efficient logistics infrastructure, which is crucial to the growth of businesses.”
The visit of the delegation comes ahead of the JCCI-organized Jeddah Economic Forum (JEF) to be held on Feb. 24-27.