We're creating a new world city to benefit business, citizens, and the entire Kingdom of Saudi Arabia
The master developer of KAEC is Emaar, The Economic City (EEC).
A Tadawul-listed real estate development and management company, EEC’s primary focus has been the planning and developmenat of KAEC. When it offered its first successful public offering in July 2006, EEC made history: More than half of the Saudi population subscribed to it. EEC is headed by Emaar Properties PJSC and a number of high-profile investors from Saudi Arabia.
The sole regulator of KAEC is the Economic Cities Authority (ECA), headquartered in KAEC. With a comprehensive scope and a wide spectrum of incentives for investors and residents alike, ECA offers privileged regulations, including: 100% foreign ownership for individuals and organizations, seaport and bonded zone regulations, and ease of access to permits and licenses related to residing, working, operating businesses, and owning and managing properties.
Serving the world from KSA
KAEC is the perfect location to connect East and West. From its state-of-the-art deepwater port on the Red Sea shore, KAEC can handle the world’s largest ships. And with new road and rail networks, KAEC is just an hour from Jeddah, Mecca, and Medina.
World-class companies choose KAEC
KAEC is KSA’s most business-friendly city. Our customs, our infrastructure and our regulatory environment have all been designed for faster, smoother, sustainable business. And with lower taxes, fast-track employment and cheap energy, it’s no wonder we’re the choice of world leaders like Pfizer, Mars and Danone.
First choice for families
KAEC is not just business-friendly. It’s family-friendly, too. We have world-class schools and healthcare, and an ever-growing range of shops and restaurants. And our beautiful coastal communities offer landscaped homes for every budget, all within easy reach of the sea.