A delegation from MIT met Mr Nidal Jamjoom, Chief Executive Officer, Emaar.E.C to discuss strategies that will shape KAEC as the world's first truly IT-driven 'Smart City'. The IT team of Emaar.E.C, led by Omar Al-Khudairi, Senior Manager, the project's development team and the IT team from Emaar Properties attended the discussions.
KAEC is the single largest private sector development in Saudi Arabia that spreads over 168 million sq m of greenfield land along the Red Sea coast. The project has six key components - a Sea Port, Industrial District, Central Business District featuring a Financial Island, Educational Zone, Resort District and Residential Zone. Saudi Arabian General Investment Authority (SAGIA) is the prime facilitator of the project.
'As the world's first 'Smart City,' KAEC ICT will operate as a viable business unit for Emaar.E.C and secure ongoing profits,' said Mr Jamjoom.
'Our association with MIT will serve as a technology telescope for bringing in emerging technologies and roll out ICT solutions that will continue to uphold the status of KAEC as the world's 'Smart City' even after several years,' added Mr Omar Al-Khudairi.
The MIT team will help KAEC integrate all its services through one call centre. 'All modern conveniences in telecommunication including mobile connectivity, fibre lines, video conferencing facilities and wireless Internet solutions will be offered at KAEC,' said Mr Jamjoom.
He added: 'Other e-driven solutions include e-logistics support of traffic and fleet management; e-security solutions including whole city monitoring; e-commerce facilities; e-media including cable television and electronic billboards; telemedicine facilities; e-education options; smart home integration and e-climate management in the form of smart reactions to city climate. KAEC will also have a wizi feedback module that enables to interact with the environment and people swiftly.'
By integrating IT capabilities in its development, KAEC will become the safest city in the world and also create an R&D environment that will help disseminate new ICT solutions to other regions globally. 'The advantage of integrating IT into the project is that it will be one of the most competitive advantages offered by KAEC to investors when they evaluate the potential offered by Saudi Arabia's special economic zones,' said Mr Al-Khudairi.
The MIT delegation toured the KAEC site in Rabegh. They suggested solutions that further make KAEC an 'agile' and 'quick to react' city. The team will visit KAEC during the course of construction to implement procedures that make it a 'Smart City'.
Founded in 1865, MIT is a world-class educational institution that is independent, co-educational and privately endowed. Its five schools and one college encompass several academic departments, divisions and degree-granting programmes.
King Abdullah Economic City in discussions with MIT to create world's most advanced ICT facility
King Abdullah Economic City (KAEC), the path-breaking development by Emaar the Economic City (Emaar.E.C), a Tadawul-listed company, recently held discussions with the Massachusetts Institute of Technology (MIT) to help in developing KAEC as the first 'Smart City' in the world.
- Saudi Arabia: Tuesday, February 13 - 2007 at 13:16
- PRESS RELEASE
Notes and media contacts
About Emaar the Economic City:Emaar the Economic City (Emaar.E.C) is a Saudi joint stock company managed by Emaar Properties PJSC, one of the world's largest property developers, and a number of high profile investors from Saudi Arabia. Emaar.E.C has a share capital of SR8.5 billion consisting of 850 million shares of nominal value SR10 each. Shares worth SR2.55 billion were offered for public subscription.
Emaar.E.C leads the master-planning and development of King Abdullah Economic City (KAEC), a project being built on a pristine location off the Red Sea in the north of Jeddah. SAGIA (Saudi Arabian General Investment Authority), the body responsible for inward investments into the Kingdom, is the prime facilitator for KAEC.
KAEC, a New Age City being built today for tomorrow's generation of Saudi citizens, has six components - sea port, industrial district, educational zone, central business district with commercial, mixed-use, retail outlets and financial island, resorts and residential area.
The mega-project works closely with the Kingdom's on-going drive to expand the economy, create employment opportunities for its youthful population and function as a catalyst to attract foreign investment, global trade, commerce and industry. Based on initial forecasts, the project and its several components will create up to one million employment opportunities in the various industries and service-oriented companies that will open in KAEC. It will also be home to 2 million residents.
For more information, please contact:
Bashar Kharbat
ASDA'A Public Relations
Jeddah, Saudi Arabia
Tel: (+966 2) 6575194/ 195/ 196
Fax: (+966 2) 6575277
Nedal Alasaad / Kelly Home
ASDA'A Public Relations
Exclusive Affiliate of Edelman PR Worldwide
in Middle East & North Africa
Dubai, UAE
Tel: (+971 4) 334 4550; Fax: (+971 4) 334 4556
Posted by Anne-Birte Stensgaard, Senior News EditorTuesday, February 13 - 2007 at 13:16 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
This Article was updated on Monday, May 28 - 2007
Index : Company News : Emaar Properties : Emaar, The Economic City
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Any opinions, advice, statements, offers or other information expressed in this section of the AME Info Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AME Info Web site.
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