The city will cover a whopping 168 million square meters near the commercial hub of Jeddah, create a million jobs and be home to two million people.
The city will be divided into four main areas: industrial and residential zones, the seaport and a sea resort area that stretches along 1.5 miles of unspoiled beach – a concept new to Saudi Arabia that will surely make it MENA’s prime tourist destination.
THE CITY WILL CREATE A MILLION JOBS AND BE HOME TO TWO MILLION PEOPLE
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120 hotels and 25,000 hotel rooms will welcome tourists, and 275,000 apartments and villas will house the resident population. World-class international schools will cater to the local and foreign community, and a university campus with a capacity to accommodate 18,000 students will facilitate further education.
The city is being built by government-controlled real estate giant Emaar Properties and other Saudi investors. Upon completion – expected in 2025 – it will be the same size as Washington DC.
KAEC will be developed in phases and in such a way that responds to market conditions, so as to ensure a genuine return on investments. Construction began in 2006 with some residential projects on the coastline, and an industrial zone further inland. With time, construction and development will work its way further inland until the envisioned jewel in the crown is fully completed.
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