According to the Saudi Real Estate Companion, the development should be primarily considered a residential development, which is expected to greatly increase the residential supply in the city | The Cisco MoU is intended to provide access to networking technologies, while the CompTIA signing is to ensure Knowledge Economic City knowledge workers with internationally recognised IT qualifications |
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Knowledge Economic City also has some subsidiary organisations, most important of which is located in Madinah, Saudi Arabia | One of the key drivers for the development is likely to be the legal framework with regards to non-national and non-GCC ownership in the area |
20,000 jobs and accommodation for 150,000 people will be created by the project which is expected to bring about 10 billion Riyals a year into the region once it is completed by 2020.
28souks of Medina Notes [ ] | |
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Since its launch KEC has signed Memoranda of Understanding and contracts with several local companies and with government and private sector organisations from Malaysia and Canada | Knowledge Economic City Master Plan The master-plan was designed by Creative Kingdom Dubai |
They and other partners will work with Seera City Real Estate Development, the company set up to manage the project, to identify opportunities and develop each of the facets of the city.
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