Prince Fahd Bin Abdullah Bin Mohammed Al-Saud, Assistant Minister of Defense and Aviation and Inspector General, Chairman of the Economic Offset Committee, has recently visited King Abdullah Economic City (KAEC). He was received by Amr Al-Dabbagh, governor and chairman of the Board of the Saudi Arabian General Investment Authority (SAGIA), chairman of the Board of Directors of the Economic Cities Authority (ECA), and Fahd Al-Rasheed, managing director and chief executive officer of Emaar, The Economic City (EEC), the Tadawul-listed company developing KAEC. Al-Dabbagh presented the delegation with the city's development and construction progress. He said one of the prominent features of KAEC is the availability of ECA's cornerstone facility that, through its “60/24/7” system, empowers services to investors round the clock and process completion in under 60 minutes. Al-Rasheed presented to the delegation the achievements of KAEC in the past three years, including an update on the handovers done on a wide range of residential units at Bay La Sun, land plots in the Industrial Valley, offices at the Business Park as well as a wide variety of retail space throughout the city. Prince Fahd noted that KAEC is a major contribution to the development of the national economy and is the realistic embodiment of the vision of King Abdullah, Custodian of the Two Holy Mosques, that aims to advance the Saudi economy. He said KAEC is a source of pride for all Saudis and a beacon of achievements for all economic cities in the Kingdom.
