Emaar, The Economic City awards SR115m to CEMCCO

Emaar, The Economic City (Emaar.E.C), the Tadawul-listed company developing King Abdullah Economic City (KAEC), has awarded a developmental contract worth SR115m to Saudi Arabia-based CEMCCO for undertaking the infrastructural work within the mega-project’s Industrial Zone.

  • Saudi Arabia: Wednesday, February 13 - 2008 at 13:32
  • PRESS RELEASE


The Industrial Zone with KAEC.
The Industrial Zone with KAEC.

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The contract covers the utilities work over 1.58 million sq metres of land.

The work is part of the first phase of development of the Industrial Zone, which will eventually have an area of 63 million square meters of land dedicated to industrial and light manufacturing facilities. The first phase has been launched to strong investor response and several key players in the global industry have registered interest in KAEC.

CEMCCO will undertake the construction of two sewage pumping stations, irrigation tanks and pump rooms, electrical substation, a potable water network, irrigation and firewater network, MV power cable network and street lighting, sewage network, water storm channel network, telecommunication ducts and roads. Turner will be the project manager and Dar Al Handasah will be the consultant and supervisor.

Mr Fahd Al-Rasheed, CEO, Emaar.E.C said:

“King Abdullah Economic City is making rapid strides in its evolution as a premier investment destination for industries. The strong investor response from several industrial and manufacturing companies signals the trust in the high-growth opportunities presented by KAEC.”



He added: “Emaar.E.C partners with renowned contractors and designers in developing KAEC to ensure a world-class development. CEMCCO has proven competencies in infrastructure development and their extensive expertise will help lay down a modern infrastructure for the first phase of the Industrial Zone.”

Eng. Salim Sadiq Al Akhras, General Manager of CEMCCO, Saudi Arabia said: “CEMCCO, part of the TOEC group which has a strong regional presence in Algeria, Sudan, Syria and Qatar, is proud to be taking part in a pioneering project of such proportions. We have plans to have a presence in KAEC through entering the industrial sector and heavy construction alongside the infrastructure development. We are committed to making available all the necessary expertise to ensure the project is delivered on time.”

The Industrial Zone has been specifically designed with the needs of manufacturers in mind, and will eventually host over 2,500 industrialists and manufacturers. The premises are being built in cooperation with world class environmental experts and consultants to ensure the highest specifications of security, safety and environmental preservation.

KAEC has six key components: Sea Port, Industrial Zone, Central Business District, Educational Zone, Resort Zone and Residential Communities. Work on the first phase is on-going and several key contracts have been awarded already.




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Notes and media contacts

About Emaar, The Economic City:
Emaar, The Economic City (Emaar.E.C), established in September 2006, 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. Thirty per cent of the equity, worth SR2.55bn, was offered for public subscription.

Emaar.E.C leads the master-planning and development of the 168 million sq m 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 / Saleh Al Hamamy
ASDA'A Public Relations
Jeddah, Saudi Arabia
Tel: (+966 2) 6575194/ 195/ 196

Nivine William / Kelly Home
ASDA'A Public Relations
Exclusive Affiliate of Edelman PR Worldwide in MENA
Dubai, UAE
Tel: (+971 4) 334 4550
Anne-Birte Stensgaard Posted by Anne-Birte Stensgaard, Senior News Editor
Wednesday, February 13 - 2008 at 13:32 UAE local time (GMT+4)

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