King Abdullah Economic City (KAEC) is proceeding with its plans to prepare the Industrial Valley-phase two land plots in continuation of the first phase that is linked to King Abdullah Port.
Work has actually commenced on the ground and it is expected that the prepared land plots will be delivered to investors within 12 months.
Expert contractors are involved in the scheme, ensuring a comprehensive infrastructure and sophisticated services that fulfil the needs of companies looking to invest in the Industrial Valley.
Fahd Al-Rasheed, group CEO and managing director of King Abdullah Economic City, expressed his satisfaction with the rapid pace of the sales and leasing processes for lands in the Industrial Valley.
It indicates the trust of local and international investors in the promising opportunities offered.
Al-Rasheed said KAEC Industrial Valley is considered as the premier global destination for industries in the region due to the advanced infrastructure and integrated logistics services. He highlighted its direct connection with King Abdullah Port, the Haramain Railway and the Saudi land bridge.
This unique combination of transportation facilities enable investors to establish a distribution network accessing the largest market in the region.
Al-Rasheed said that the city has already completed the processing of a number of industrial land plots which will be available for delivery during the month of January next year, all of which will be fully equipped with the necessary requirements in accordance with international standards.
Rayan Qutub, CEO of the Industrial Valley in King Abdullah Economic City, explained that investors will benefit from the numerous service facilities available through specialized districts.
The gas district is one of them. It will be developed to provide natural gas for specific industries.
The technology Park that is master planned to host tier 2 plus data centers. They provide the ideal infrastructure and environment for innovation.
Affirming KAEC’s success in attracting investors to the Industrial Valley, Qutub said: “To date we have signed agreements with more than 80 national and global leaders focusing on six industrial sectors: pharmaceuticals, consumer foodstuffs/FMCG, logistics, plastics, building materials and automotive.”
The Industrial Valley extends over an area of 55 million square meters. It constitutes nearly one-third of the total area of King Abdullah Economic City.
It is capable of accommodating 2,000 industrial facilities, making it one of the key drivers of the Saudi economy.
The second phase occupies an area of 20 million square meters, and the land plots are available as freehold or by lease.
KAEC Industrial Valley wins trust of more investors
KAEC Industrial Valley wins trust of more investors
Closing Bell: Saudi main index slips to close at 11,228
RIYADH: Saudi Arabia’s Tadawul All Share Index slipped on Sunday, lost 23.17 points, or 0.21 percent, to close at 11,228.64.
The total trading turnover of the benchmark index was SR2.99 billion ($797 million), as 170 of the stocks advanced and 82 retreated.
On the other hand, the Kingdom’s parallel market Nomu gained 449.38 points, or 1.90 percent, to close at 24,093.12. This comes as 43 of the stocks advanced while 27 retreated.
The MSCI Tadawul Index lost 6.07 points, or 0.40 percent, to close at 1,511.36.
The best-performing stock of the day was Obeikan Glass Co., whose share price surged 7.54 percent to SR27.66.
Other top performers included Alamar Foods Co., whose share price rose 6.80 percent to SR47.10, as well as Saudi Kayan Petrochemical Co., whose share price climbed 6.79 percent to SR5.66.
Saudi Investment Bank recorded the steepest drop, falling 3.21 percent to SR13.56.
Jahez International Co. for Information System Technology also saw its share price fall 3.15 percent to SR13.55.
Rabigh Refining and Petrochemical Co. declined 2.78 percent to SR7.34.
On the announcements front, Tanmiah Food Co. reported its annual financial results for the period ending Dec. 31. According to a Tadawul statement, the company recorded a net loss of SR18.8 million, compared with a net profit of SR95.8 million a year earlier.
The net loss was mainly due to ongoing market challenges that resulted in continued pricing pressures in fresh poultry, inflationary cost pressures, higher financing expenses, and depreciation and ramp-up costs from new facilities, partially offset by increased production volumes and cost-optimization initiatives.
Tanmiah Food Co. ended the session at SR58.20, up 3.72 percent.
United International Holding Co., also known as Tas’heel, announced its annual financial results for the period ending Dec. 31. A bourse filing showed the company recorded a net profit of SR273.64 million in 2025, up 23.05 percent from 2024, primarily driven by a 23.4 percent rise in revenues. The revenue growth helped lift gross profit by 23.7 percent.
Tas’heel ended the session at SR146.80, down 0.28 percent.
