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Haramain railway station in KEAC.

KAEC signs contract worth more than SR15m with Saud Barik Al-Subhi & Partners Co

: Wednesday, August 20 - 2014 @ 13:24

King Abdullah Economic City (KAEC) signed a contract worth more than SR15m with Saud Barik Al-Subhi & Partners Co. Ltd. to develop the initial phase of the road that will connect the Haramain inner-city railway station with the Business Park at Bay La Sun district and KAEC residential communities, thereby enhancing access to the city via the Jeddah-Yanbu highway.

The initial phase of the project is expected to finish by end of 2015, while the expected overall total cost of the project is worth around SR235m.

Commenting on the project Mr. Fahd Al-Rasheed, Managing Director and Chief Executive Officer of KAEC, said, “The new road is of great importance since it will be a primary entrance to the city. It is adjacent to the Haramain train station and will pass Hijaz Gate, which is the new downtown area in KAEC. The road will also give residents and visitors more flexibility in entering and leaving the city and reduce the travel time to the Business Park and residential communities by 8-10 minutes. We have already started implementing the project on the ground and it will be completed during December 2015.”

Hijaz Gate will serve as the economic center of the city with its various malls, shops, boutiques, restaurants and hotels making it a stopping point for millions of visitors annually. It is also a natural destination for conferences and exhibitions, corporate headquarters, colleges, vocational places of learning and specialized medical centers which will occupy this uniquely accessible area.

Adding to the attraction, travelers on the new Hijaz Gate road will enjoy a beautiful view of landscaped parkland alongside the tree-lined route, which extends through the business district and heads to the coast and KAEC residential neighborhoods.

King Abdullah Economic City will be one of four stops of the Haramain Railway network which will connect KAEC to Jeddah and King Abdulaziz airport in less than half an hour and Makkah and Madinah in less than an hour.

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Wednesday, August 20- 2014 @ 13:24 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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