Salem Saleh Al-Hareth secures KAEC earthworks contract in Saudi Arabia
Join Our Newsletter - Get important industry news and analysis sent to your inbox – sign up to our e-Newsletter here
X

Salem Saleh Al-Hareth secures KAEC earthworks contract in Saudi Arabia

05 Aug 2013

Salem Saleh Al-Hareth (SSH) has secured a contract from King Abdullah Economic City (KAEC) to perform grading and earthworks for the second phase of the Industrial Valley (IV II) project in Saudi Arabia.

King Abdullah Economic City

Salem Saleh Al-Hareth (SSH) has secured a contract from King Abdullah Economic City (KAEC) to perform grading and earthworks for the second phase of the Industrial Valley (IV II) project in Saudi Arabia.

The works under the $17.6m contract are expected to be complete by February 2014.

KAEC recently launched the second phase of the Industrial Valley project spanning 22 million m², following the completion of the 3.5 million m² first phase development and infrastructure.

Apart from its several ongoing factories under construction, over 50 firms headquartered at KAEC have already signed reserve contracts.

Several manufacturing plants started their actual production and will be utilising the port of King Abdullah for the export of manufactured goods.

KAEC, which is being developed on 168 million m² of land, has attracted over 50 national and international industrial firms with investments crossing more than AED10bn ($2.7bn), KAEC said.

KAEC offers a range of housing solutions, services and facilities including the World Academy School, which is already open with a future total capacity to house around 2,250 students, and a medical centre.

The development also features retail stores, restaurants, cafés and pharmacies.

KAEC managing director and CEO Fahd Al-Rasheed said the company supports investors and venture capitalists who wish to invest in the Industrial Valley with different leasing options.

"The availability of housing solutions within the vicinity of the Industrial Valley and the direct link with King Abdullah Seaport makes the Industrial Valley a global logistical hub and an access point to reach about 250 million consumers in the Middle East and North Africa, not to mention the availability of Haramain Railway station in KAEC and the future land bridge," Al-Rasheed said.


Image: KAEC, which is being developed on 168 million m² of land. Photo: Courtesy of King Abdullah Economic City/AMEinfo.