Saudi Arabia - مدينة الملك عبد الله الاقتصادية
King Abdullah Economic City (KAEC) is a major new city in Saudi Arabia that is being developed as part of the country’s Vision 2030 plan to diversify its economy away from oil. KAEC is located on the Red Sea coast, about 100 kilometers north of Jeddah.
The 181 square kilometre new city will include Industrial Valley which will focus on six key clusters namely FMCG, Pharmaceuticals, Logistics, Plastics, Building materials and Automotive.
King Abdullah Economic City and its industrial focus
The Industrial Valley will be supported by the King Abdullah Port located in KAEC which will provide potential for export led manufacturers. It will have a capacity of 20 millions TEU when complete. The recent completion of the Haramain High Speed Railway linking the city with Mecca, Medina and Jeddah will be a further advantage for companies setting up.
Industrial Valley is a major industrial zone within KAEC that is focused on logistics and manufacturing. It is strategically located near the King Abdullah Port, which is one of the largest ports in the Middle East. Industrial Valley also has access to a network of highways and railways, making it easy to transport goods to and from the region.
Logistics
Logistics is a key focus area for Industrial Valley. The zone offers a variety of logistics services, including warehousing, distribution, and freight forwarding. Industrial Valley is also home to a number of manufacturing companies, including those in the automotive, food, and pharmaceutical sectors.
Manufacturing is another key focus area for Industrial Valley. The zone offers a variety of manufacturing incentives, including tax breaks and access to cheap energy. Industrial Valley is also home to a number of specialized manufacturing clusters, such as the automotive and medical technology clusters.
Investment opportunities at King Abdullah Economic City
KAEC and Industrial Valley offer a number of investment opportunities for businesses in the logistics and manufacturing sectors. The zones offer a variety of incentives, including tax breaks, access to cheap energy, and a skilled workforce. KAEC and Industrial Valley are also located in a strategic location, with access to major markets in the Middle East, Africa, and Europe.
KAEC and Industrial Valley are major new developments in Saudi Arabia that offer a number of investment opportunities for businesses in the logistics and manufacturing sectors. The zones are strategically located, offer a variety of incentives, and have a skilled workforce. Businesses that invest in KAEC and Industrial Valley can benefit from the growing economy of Saudi Arabia and the opportunities that the country offers.
Some key tenants at Industrial Valley
Yazaki is a Japanese automotive parts manufacturer. They have a manufacturing plant in Industrial Valley that produces wiring harnesses and other components for cars.
Johnson Controls is an American multinational conglomerate that provides building technologies and solutions. They have a manufacturing plant in Industrial Valley that produces HVAC systems and other building products.
Danone is a French multinational food and beverage company. They have a production facility in Industrial Valley that produces dairy products and other food items.
Al-Rajhi Steel Industries is a Saudi Arabian steel company. They have a manufacturing plant in Industrial Valley that produces steel products for the construction and automotive industries.