Middle East Economic Survey

VOL. XLIX

No 1/2

2/9-January-2006

SAUDI ARABIA

King 'Abd Allah Economic City Project Launched

The King 'Abd Allah Economic City project was launched on 19 December 2005, with construction beginning on 21 December. The multi-stage development scheme, costing SR100bn ($26.6bn), is located north of Jiddah. The Economic City will have six components: a major seaport, an industrial district (including downstream petrochemicals manufacturers), a financial island, an education...