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Saudi businesses face ‘challenging’ few years

KAEC - Arab Today

Fahd Al-Rasheed, chief executive of King Abdullah Economic City (KAEC), believes that the Saudi business community is in for a challenging time. But he said it has no alternative but to adapt to the transformation underway in the Kingdom’s economy and society. Speaking at the opening plenary session of the Top CEO Conference in KAEC, Al-Rasheed told delegates: “The next three orRead more

The private sector should forget about ‘business as usual’

Jeddah - Arab Today

Businesses must be ready to change during tough economic times, said Fahd Al-Rasheed, group CEO of King Abdullah Economic City (KAEC) in Saudi Arabia. Al-Rasheed, who will on Tuesday address the Top CEO Conference at KAEC about the challenges of slow growth, said that the private sector should forget about the “business as usual” concept. This is especially important givenRead more

KAEC committed to supporting initiatives to promote private sector competitiveness

Jeddah - Arab Today

Brand building is a key factor in economic growth and development, said Fahd Al-Rasheed, group CEO and managing director of King Abdullah Economic City (KAEC). He was speaking at the NEXT Forum, which brought together CEOs, local and international brand experts and thought leaders. The NEXT Power Brands Festival, organized by Prince Mohammed bin Salman Foundation (MISK), concluded recently withRead more

Al Tazi hikes investment in KAEC Industrial Valley

Riyadh - Arab Today

King Abdullah Economic City (KAEC) has signed a contract with Ahmad Al Tazi Rockwool Factory to lease an additional 9,000 square meters in the Industrial Valley. Al Tazi signed the agreement with the objective of raising its production capacity to meet the growing demand for its rockwool products, known in the MENA region as mineral wool. “This contract will addRead more

CEO: King Abdullah Economic City an example for Saudi reforms

Riyadh - Arab Today

As Saudi Arabia seeks to diversify its oil-dependent economy, the chief of a Red Sea “megacity” says his project is pointing the way forward. A decade after its conception, the King Abdullah Economic City — an integrated industrial, residential and tourism center — is profitable and in line with a government push which intensified this year to develop the privateRead more

KAEC exhibits Al-Waha district residential products

Jeddah - Arab Today

King Abdullah Economic City (KAEC) exhibited the residential units located in the award-winning Al-Waha district at the Jeddah Hilton from Oct. 20-22. A wide variety of residential units will be available from studio apartments from SR299,000 plus one- and two-bedroom apartments, larger town homes, duplex villas, and four bedroom detached villas to accommodate all budgets and family sizes. “We areRead more

International Trade Gateway to set up cable factory at KAEC

Rabigh - Arab Today

King Abdullah Economic City (KAEC) has signed a contract with the International Trade Gateway Co. Ltd. (ITG) for the purchase of a 9,000 sqm area of land located in phase 1 of the Industrial Valley at KAEC. The land will be used to build a high voltage cable factory to international standards, and will be the first of its kindRead more