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FINANCIAL NEWS
Saudi-KAEC gives USD35mn Industrial Valley construction deals
19 May 2017
(MENAFN) King Abdullah Economic City proclaimed that it has awarded two main construction deals to develop 2.44mn square meters of land.
Additionally, 1.44mn will be developed by Saudi Binladin Group, at a cost of USD22.2mn, whereas the second deal will see the development of the remainder of the project.
Moreover, KAEC covers an area of 181 square kilo meters; almost the size of Washington DC and it comprises King Abdullah Port.
Accordingly, the Industrial Valley will pave the way for more businesses to increase with the city and contribute to the growth in job chances for Saudis.
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MENAFN1905201700450000ID1095490802
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