49= Knowledge Economic City
Project Overview
Knowledge Economic City is being built on
the outskirts of Medina, in the west of Saudi Arabia. It will cover an area of 4.8 sq km, have a built-up area of about 9 sq km and house 150,000 residents.
The city will be focused on knowledge-based industries, including information technology and life sciences. It will also be home to a centre for Islamic civilisation studies and a mosque for 10,000 worshippers.
The project will be linked by monorail to Medina’s Grand Mosque and benefit from the expansion of the nearby Prince Mohammed Bin Abdulaziz Airport.
(Video produced by King Abdullah Foundation.)
Project Analysis
Water recycling gains momentum in the Gulf
The GCC’s huge desalination facilities are an expensive way to meet increasing water demand, but the region is recognising sewage treatment technology to be more cost-effective
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Index falls as Manama unrest continues
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Economic cities face funding issues in Saudi Arabia
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Gulf projects market growth remains depressed
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Education Report: A region eager to learn
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Yearbook 2011: Capital Markets outlook - Gulf stock markets feel the strain
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Gulf states privatise water projects
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Knowledge hubs grow in numbers in the Middle East
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Technology spending in the Gulf rebounds
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Low confidence holds back Saudi Arabia bourse
Company Profiles
The Savola Group
Saudi Arabia’s second-largest industrial conglomerate, after Saudi Basic Industries Corporation (Sabic), is one of the kingdom’s widest held stocks, and is steadily building up its regional presence with acquisitions from Morocco to Kazakhstan. It is also extending its footprint into new sectors, such as petrochemicals and telecommunications
Company Announcements
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Limah Design Consultants begins Wayfinding for the 4.8 million sqm Knowledge Economic City in Madinah, Saudi Arabia
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Knowledge Economic City affiliate awards SR176m villa project
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Areva wins GIS contract for Saudi Economic Cities project
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KEC signs with DeepCloud SA for development of DeepCloud Madinah Technology Center
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Tourism Development catalyst for national advancement: Knowledge Economic City
Key Facts
Client: Seera City Real Estate Development Company
Sector: Real Estate
Stage: Design
Budget: $8bn
Completion date: Q4 2020
Location: Saudi Arabia
News
Medina’s KEC appoints contractor for first phase of residential development
Local contractor will build 206 villas for the first phase of the residential area
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Saudi Arabia’s Al-Khodari to sell shares at $12.80 each
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Bids opened for Medina district cooling package
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National Commercial Bank advising on two Saudi listings
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Saudi Tadawul bourse adds a quarter percent
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Tadawul bourse ends flat at 6,090.87 points
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Sabic shares help Tadawul market to rebound
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Saudi shares lose across the board
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Tadawul market posts largest decline on Tuesday
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Tadawul market declines slightly
MEED Projects
