site-en010

 

economic

 

In june 2006 his highness King Abdullah Ben Abdel-Aziz, launched the knowledge economic city in a series of masterplanned key development projects in the kingdom.

The project is located in the holly city of Al Madinah, 5 kilometers west of the holy prophetic mosque (Al-Haram al Nabawi), between the second and the third ring road.

The objectives of the project are:

  • Create a knowledge based cluster that will support the economic development of the city
  • Provide a state of the art infrastructure that will attract local and international IT companies to invest in the project
  • Attract local and international universities and Islamic institutions and scholars to work and do research in the project
  • Provide a wide range of services (Schools, medical facilites, green space for the tenants of the project and the Madinah as a whole)

 

Facts about the project:

 

Project Area

4.8 Mill. Sqm

Total investment

SR 25 Bill / USD 7Bill

Expected Population

200,000 persons

 

Key project components:

  • A state of the art high-tech park for IT based industries and research centers

  • A world class educational campus focusing on the studies of Seera and Islamic civilization

  • An iconic educational / entertainment park themed around the prophetic heritage (Seera Land Park/ Museum)

  • A new modern medical complex with a biosciences research center

  • A multimodal transportation center

  • A major retail hub recreating the old souqs of Madinah

  • A hotel complex and visitor furnished apartments that can accommodate up to thirty thousands visitors

  •  Superior development recreating the old urban character of Madinah

  • A 10,000 capacity Jamea mosque (King Abdulaziz)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Copyright © Quad International Real Estate Development Co 2006.