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| Master Plan of King Abdullah Economic City (KAEC) |
The
Saudi government says it will build a brand-new city on its western
coast the size of Washington, DC — at a cost of about $100 billion. It's
not imaginatively named — it's known as the King Abdullah Economic City, pronouned "cake" (KAEC) for short —
but Saudi rulers hope it will become a powerful new economic engine
for the kingdom.
 |
| When completed, KAEC will be larger than Washington DC |
 |
| Only 15% of KAEC has been developed |
By building a major
new container port on the Red Sea, Saudi Arabia hopes to create a new Silk
Road, a trade route to Mediterranean countries and southern Europe. For
now, with only 10 percent of the city built, it looks more like a movie set.
KAEC is one of four
new cities being built to diversify an economy that is overly dependent on oil.
Already it has its own website showing plans, maps and including details on how
to invest.
At 70 sq miles KAEC
will eventually be a metropolis slightly larger than Washington DC and at a
cost of $100bn (£67bn), mostly from private funding, the King Abdullah Economic
City is second to none in the grandeur of its vision.
 |
| A port smart city under construction |
"We aim to
create one of the world's largest ports," says Rayan Bukhari, a young
manager at the King Abdullah port. We're not competing with Jeddah's Islamic
port - but we are going to take business away from Jebel Ali in Dubai. That's
because of our quicker, more automated offloading and customs procedure."
According to Mr
Bukhari, King Abdullah was determined to involve the private sector in the
economic development of the country; casting aside tribal and regional
rivalries in the interests of creating a modern business economy.
 |
| Haramain Railway station will connect KAEC and Mecca |
Speed is integral to
KAEC's vision for future. With Mecca and Medina on the high speed train network
that links KAEC with the two holy cities, well-heeled Umrah (pilgrimage to
Mecca) pilgrims are expected to visit the city as they travel from the place
where the Prophet was born to the place where he is buried.
The project is largely privately funded and the government has set up an Economic Cities Authority overseeing the four megacities able to deal swiftly with every licence, construction permit and approval needed.
Virtual Tour of KAEC
KAEC's official website - http://www2.kaec.net/
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