Doing Business in Saudi Arabia - International Franchise Association
Doing Business in Saudi Arabia - International Franchise Association
Doing Business in Saudi Arabia - International Franchise Association
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knowledge-based <strong>in</strong>dustries <strong>in</strong> Mad<strong>in</strong>a; the developer claims it will generate 20,000 new job<br />
opportunities. Estimated value: US$8 billion.<br />
Pr<strong>in</strong>ce Abdulaziz b<strong>in</strong> Mousaed Economic City: The project calls for construction of Pr<strong>in</strong>ce<br />
Abdulaziz b<strong>in</strong> Mousaed Economic City <strong>in</strong> Hail. The city will cover 156 million m 2 and will have 12<br />
dist<strong>in</strong>ct components for trade and services <strong>in</strong> sectors such as agriculture and food process<strong>in</strong>g,<br />
m<strong>in</strong><strong>in</strong>g, education, hous<strong>in</strong>g, and enterta<strong>in</strong>ment. The developers aim to use the strategic<br />
location of Hail to build transportation <strong>in</strong>frastructure consist<strong>in</strong>g of an <strong>in</strong>ternational airport, a dry<br />
port, a supply cha<strong>in</strong> centre and a multi-modal passenger station. Estimated value: US$8 billion.<br />
Landbridge Project: The Landbridge is a 950km-long railway network connect<strong>in</strong>g Jeddah on<br />
the Red Sea with Dammam on the Gulf. The project will also <strong>in</strong>clude a 115km railway to<br />
connect K<strong>in</strong>g Fahd Industrial Port with Jubail Industrial City. Estimated value: US$10 billion.<br />
Pr<strong>in</strong>cess Noura b<strong>in</strong>t Abdulrahman University (PNU): The project calls for construction of a<br />
new university for women. The university is expected to cover 8 million m 2 and will be located on<br />
K<strong>in</strong>g Khalid <strong>International</strong> Airport Road north of Riyadh. The total built up area is around 3 million<br />
m 2 . The university will <strong>in</strong>clude adm<strong>in</strong>istration build<strong>in</strong>gs, 13 faculties, a 700-bed student hospital,<br />
laboratories, research centers and a residential area that <strong>in</strong>cludes accommodation for students<br />
and staff. The capacity of the university is around 26,000 students. Estimated value: US $11.5<br />
billion.<br />
Sudair City Development: Schedule: Modon, <strong>Saudi</strong> <strong>Arabia</strong>’s <strong>in</strong>dustrial development agency<br />
has short listed 10 developers for Sudair City. The w<strong>in</strong>n<strong>in</strong>g bidder will be responsible for hir<strong>in</strong>g<br />
sub-contractors for the project. Sudair City is a mixed use development that <strong>in</strong>cludes<br />
residential, commercial, enterta<strong>in</strong>ment and educational facilities. Sudair City will span an area of<br />
258 million m 2 north of Riyadh. Estimated value: US $40 billion.<br />
K<strong>in</strong>g Abdullah Economic City (KAEC): KAEC is a massive development located <strong>in</strong> Rabigh,<br />
<strong>Saudi</strong> <strong>Arabia</strong>. The master plan of the city shows the city will be divided <strong>in</strong>to an Industrial Zone, a<br />
Residential Zone, a Sea Resort, and a Sea Port. The <strong>in</strong>dustrial zone covers an area of 63<br />
million m 2 . The zone will <strong>in</strong>clude facilities to operate and build plants and factories. The<br />
residential zone covers an area of 51 million m 2 and will <strong>in</strong>clude low, mid- and high-rise<br />
structures. The sea resort provides a built-up area exceed<strong>in</strong>g 3.5 million m 2 for hotels,<br />
residential apartments, golf resorts, spas and water sports facilities. The sea port provides 14<br />
million m2 to build a world-class port on <strong>Saudi</strong> <strong>Arabia</strong>’s west coast. The port will <strong>in</strong>clude 30<br />
berths to serve global trade routes between Asia, Europe and Africa. Estimated value: US $50<br />
billion.<br />
K<strong>in</strong>g Abdullah F<strong>in</strong>ancial District (KAFD): The K<strong>in</strong>g Abdullah F<strong>in</strong>ancial District will house the<br />
large community of professionals work<strong>in</strong>g with<strong>in</strong> the f<strong>in</strong>ancial sector and related <strong>in</strong>dustries,<br />
host<strong>in</strong>g the head quarters of the Capital Market Authority (CMA), the Stock Exchange, banks,<br />
f<strong>in</strong>ancial <strong>in</strong>stitutions and other service providers such as accountants, auditors, lawyers,<br />
analysts, rat<strong>in</strong>g agencies, consultants, and IT providers. Estimated value: US$ 32 billion.<br />
Resources Return to top<br />
M<strong>in</strong>istry of Municipal & Rural Affairs www.momra.gov.sa/<br />
Riyadh Chamber of Commerce and Industry www.riyadhchamber.com<br />
<strong>Saudi</strong> <strong>Arabia</strong>n General Investment Authority www.sagia.gov.sa<br />
<strong>Saudi</strong> Railway Organization www.saudirailexpansion.com