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
Saudi minister launches $810m infrastructure and industrial projects in Sudair
RIYADH: Minister of Industry and Mineral Resources and Chairman of the Board of the Saudi Authority for Industrial Cities and Technology Zones, known as MODON, Bandar Alkhorayef, launched capital projects valued at approximately SR3 billion ($810 million), covering infrastructure, water, electricity, and ready-built factories.
He also oversaw the signing of several supporting industrial contracts in Sudair City for Industry and Businesses in the presence of MODON's CEO, Majed Al-Argoubi.
The announcement came during the minister’s visit to Sudair City for Industry and Businesses, where he inaugurated a number of infrastructure development projects worth SR1.8 billion.
These included upgrades to road networks and water and sewage systems, construction of a 12,500-cubic-meter water reservoir, and the launch of the fourth phase of infrastructure development, covering 6 million sq. meters.
The visit also included a review of the construction of a 200 megavolt-amperes electrical substation, as well as a project to build 44 ready-built factories to enhance the city’s readiness to attract industrial investment and improve services for entrepreneurs.
The minister also witnessed the signing of six industrial and investment contracts and a memorandum of understanding with the private and public sectors, with total investments exceeding SR1billion.
The agreements are part of the authority’s efforts to create an attractive investment environment locally and internationally, support the localization of industries, and enhance local content, as well as improve the quality of life in industrial cities.
In the field of human capital development, MODON signed an SR16 million contract with the Majmaah Chamber of Commerce to establish a state-of-the-art training center. The hub aims to develop specialized national competencies that support the growth of the industrial sector and includes an incubator dedicated to the children of industrial city employees.
The series of partnerships concluded with a MoU with AJEX, which will provide shared logistics and transport services at Sudair City for Industry and Businesses.
The initiative is designed to enhance the quality of logistics services for investors, a critical factor in enabling sustainable industrial sector growth.
These partnerships align with the objectives of the National Industrial Strategy, which seeks to build an advanced industrial base, strengthen national supply chains, enable high-value-added industries, and increase the industrial sector’s contribution to gross domestic product.
