King Abdullah Economic City opens new gate for factories | King Abdullah Economic City opens new gate for factories -
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King Abdullah Economic City opens new gate for factories

: Monday, July 21 - 2014 @ 10:55

King Abdullah Economic City (KAEC) has opened a dedicated gateway to facilitate the movement of light and heavy vehicles in and out the Industrial Valley. The new Gate no. 3 will allow direct access to the Industrial Valley via a smoother and shorter route and eliminate the interaction between the Valley’s tenants’ traffic and KAEC heavy duty construction vehicles.

With the launch of the new gateway, the city has a total of four gates that will serve as access points, including the Main Gate no. 1 which is allocated for residents and visitors to the city, and Gate no. 2 for vehicles and construction machinery, while Gate no. 4 is dedicated for the King Abdullah port. A fifth gate, which is adjacent to the Haramain railway station, is scheduled to open next year.

Commenting, Mr. Fahd Al-Rasheed, Managing Director and CEO of KAEC, said: “With the tenants’ newly constructed residences becoming occupied, facilities becoming fully operational and the development of Phase 2 underway, the amount of traffic in and out of the Industrial Valley has increased to the point where it is essential to allow tenants to enjoy independent direct access separated from light and heavy vehicles. In effect, the new Gate 3 will reduce the heavy traffic load on the city’s Main Gate, which is the point of access for the owners of villas and town houses in KAEC’s upscale residential districts.

Al-Rasheed went on to say: “We have attracted more than 70 national and international companies to invest in the Industrial Valley, which has made it a major base for manufacturing and distribution operations that are supported by an advanced infrastructure, world class facilities and strategically important logistics and transportation systems. We are confident that these factories will achieve our objective to provide many job opportunities for Saudi youth and I am pleased to say that a number of companies are currently offering training programs for cadres of talented Saudi nationals.”

Adding his comments, Mr. Rayan Qutub, COO of the Industrial Valley in KAEC, stated; “Many of the industrial companies that have invested in the Industrial Valley have actually begun to establish their factories and operational facilities, while some have already started production, including Mars Saudi Arabia; the largest chocolate factories in the world, GREIF; a world leader in textile and plastic packaging products and services, and Petra Engineering Industries. In fact, some of them have now begun exporting to countries outside the Kingdom. With the growth of business and production activities together along with the ongoing construction of new manufacturing plants, the number of trucks and heavy equipment that operate in the city have increased to more than 3,700. This activated our plans to build new gates, especially this gate that serves investors and contractors in the Industrial Valley and facilitates the movement of heavy traffic away from the path of residents and visitors to the city.”

The direct link between the Industrial Valley and King Abdullah Port in KAEC makes the IV a global logistical hub and an access point to reach 250 million consumers in the Middle East and North Africa, and making it one of the key drivers of the Saudi economy.

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Monday, July 21- 2014 @ 10:55 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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