A group of 18 senior officials from the US Congress recently visited and toured King Abdullah Economic City (KAEC) to discuss and explore the city’s investment opportunities. The delegation was received by senior executives from Emaar, the Economic City (EEC), the Tadawul-listed company developing KAEC.
A visual and detailed presentation of KAEC developmental stages of construction and progressing taking place from 2007 till present date, as well as a detailed vision of attracting local and foreign investments to the Kingdom was presented to the visiting delegation by Engineer Imad Hashem, Executive Director, RE Commercials in Emaar the Economic City.
In addition, a tour of King Abdullah Economic City took place after the presentation, to identify the most important achievements and developments on the ground progress accomplished, including an update on the handovers done on a wide range of residential units at Bay La Sun, land plots in the Industrial Valley, offices at the Business Park as well as a wide variety of retail space throughout the city.
According to Hashim, the Seaport at KAEC located on the Red Sea, has been designed to play an essential role in linking Europe, Africa and Asia through two major international Maritime Navigations. Located in close proximity to Jeddah, Makkah and Madinah, KAEC Seaport will serve more than 250 million consumers across the region.
While the delegation was concluding their visit with lunch at an inspiring sea view restaurant in Bay La Sun village, they pointed out that the visit comes at an important time of great and strong ties between the two countries, they highly praised the numerous motivating factors to invest in KAEC, stressing on the facts of KAEC’s huge business potential and ability to attract local and foreign investments to the Kingdom.
The Bay La Sun village extends over an area of 2.3 square kilometers within KAEC, when completed, it will provide residents with world-class recreational, dining, water sports, sailing and tourism facilities, as well as integrated business centers, mosques, health centers and security services.