JEDDAH — Emaar Economic City is making steady progress in the development of King Abdullah Economic City (KAEC), in accordance with the strategic plan adopted in its first phase to invest heavily in infrastructure and necessary services, of which most important are the port and the industrial zone. The objective is to attract investors from companies, factories and commercial and service enterprises to the Economic City, leading to population relocation and as a consequence, growth in demand for the company's real estate products and services. Some of the most important and latest achievements up to the end of the third quarter of 2012, in terms of infrastructure projects, are the main road project of the city has been completed and handed over from the contractor – Saudi Bin Laden Group. The road extends for a distance of 13 kilometers from the main gate to Bay La Sun Village within KAEC. The project includes lighting, rainwater drainage, irrigation and pavement network extensions. The Coastal Road Project (North - South) has been completed and handed over by the contractor – Saudi Bin Laden Group. This project extends over 8.4 kilometers at a width of 80 meters and includes a 100 meters wide section, 4.4 kilometers Transit Route to the Sea Port. All roads include infrastructure extensions for lighting, rainwater drainage, irrigation network and pavement. The water canals project in the Bay La Sun area is nearing completion and will be handed over at the end of December 2012. The contract includes marine excavation work of almost 1.9 million cubic meters deep with supporting walls valued at SR250 million. The infrastructure project in the residential area of Esmeralda has been completed. The contract, worth 59 million Saudi Riyals, includes the asphalting of roads and the extensions of electricity, water, sewage, rainwater drainage and communications networks. The infrastructure project in the Bay La Sun area has been completed and includes the asphalting and lighting of roads, and ground work for sewage, irrigation, potable water networks, drainage networks and stormwater canals, as well as the power supply grid and the communications network. The project cost SR141 million. — SG
