Emaar Economic City could get loan for KAEC development
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Emaar Economic City could get loan for KAEC development

Emaar Economic City could get loan for KAEC development

Emaar Economic City, the developer of King Abdullah Economic City (KAEC) in Saudi Arabia, may receive a government loan to help pay for work on the Red Sea coast project, Saudi Gazette has reported. The government is currently considering the loan, Yahya Hamidaddin, the Saudi Arabian General Investment Authority's director of Smart Cities Development, said at a conference in Jeddah. The company asked the authority for assistance to arrange the loan, he said, without providing further details.

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