Emaar, The Economic City (Emaar.E.C), the Tadawul-listed company developing King Abdullah Economic City (KAEC), has re-launched the website of KAEC (www.kaec.net). The all-new website is a comprehensive, one-stop source of information of all aspects of the 168 million sq m mega-project and captures the development dynamic of KAEC with updates on current and forthcoming projects.
The re-launched website will be one of the most effective and informative access points for all information relevant to various stakeholders including customers, current and potential investors, shareholders, suppliers, partners and policy makers. Key additions include an RSS feed and direct links to all departments of KAEC and Emaar.E.C, thus facilitating faster processing of enquiries and more streamlined interaction between visitors and the management team.
Mr Imad Hashem, Acting Executive Director Communications & Corporate Affairs, Emaar.E.C, said: “In the past one year, KAEC has achieved tremendous progress – both in terms of the scale of development as well as investor response. Today, KAEC is recognised as one of the most promising investment destinations in the region, and we receive enquiries from all parts of the world. The newly re-launched website captures the true development dynamic of the mega-project, and will facilitate faster interaction with all our stakeholders.”
Offering multiple options for ease of navigation, the web pages have been customised for ease of access. The web-site is now more graphic-rich, making browsing more self-explanatory and also offering visitors a better insight on the mega-project. Visitors can take virtual tours of the various components of KAEC and thus gain a comprehensive overview. They can download reports and photographers, and several wall papers have also been made available.
Mr Hashem added: “KAEC is envisaged as the first Smart City in the region, offering an integrated ICT platform. By re-launching the website with added features, we are further leveraging on the technological strengths that guide the project’s development.”
KAEC, the largest private sector project in the region, has six key components: Sea Port, Industrial Zone, Central Business District, Educational Zone, Resort Zone and Residential Communities. All of them offer strong investment potential. The first phase of the mega-project, comprising the Sea Port, Industrial Zone and Residential Communities has been launched to overwhelming investor response.
About Emaar, The Economic City:
Emaar, The Economic City (Emaar.E.C), established in September 2006, is a Saudi joint stock company managed by Emaar Properties PJSC, one of the world’s largest property developers, and a number of high profile investors from Saudi Arabia. Emaar.E.C has a share capital of SR8.5 billion consisting of 850 million shares of nominal value SR10 each. Thirty per cent of the equity, worth SR2.55 billion, was offered for public subscription.
Emaar.E.C leads the master-planning and development of the 168 million sq m King Abdullah Economic City (KAEC), a project being built on a pristine location off the Red Sea in the north of Jeddah. SAGIA (Saudi Arabian General Investment Authority), the body responsible for inward investments into the Kingdom, is the prime facilitator for KAEC.
KAEC, a New Age City being built today for tomorrow’s generation of Saudi citizens, has six components – sea port, industrial district, educational zone, central business district with commercial, mixed-use, retail outlets and financial island, resorts and residential area.
The mega-project works closely with the Kingdom’s on-going drive to expand the economy, create employment opportunities for its youthful population and function as a catalyst to attract foreign investment, global trade, commerce and industry. Based on initial forecasts, the project and its several components will create up to one million employment opportunities in the various industries and service-oriented companies that will open in KAEC. It will also be home to 2 million residents.
