Media Centre

King Abdullah Economic City (KAEC) recently signed a contract with Salem Saleh Al-Hareth Est. (SSH) to perform grading and earthworks for the Second Phase of the Industrial Valley “IV II”. Al-Hareth is one of the Saudi leading and specialized trade and contracting company. The project was awarded for a cost of SR 66 million and is scheduled to be completed by February 2014.

The signing contract was between Mr. Fahd Al-Rasheed, Managing Director and CEO of KAEC and Mr. Leslie Jameson, General Manager of SSH. Mr. Al-Rasheed commented: “Salem Saleh Al-Hareth Est. (SSH) was selected among other contractors because of its long experience and in-depth knowledge in infrastructure, its insurance for speed of delivery, maintaining the highest degree of accuracy, reliability and complying with the highest international standards.”

Al-Rasheed went on to say: “KAEC supports investors and venture capitalists willing to invest in the Industrial Valley with a variety of owning and long-term leasing options. This enables them to benefit from many of the main services offered by the city, for instance, the ease of issuing permits and licenses, and the possibility of providing qualified manpower through training centers for Saudi talents. The availability of housing solutions within the vicinity of the Industrial Valley and the direct link with King Abdullah Seaport makes the Industrial Valley a global logistical hub and an access point to reach about 250 million consumers in the Middle East and North Africa, not to mention the availability of Haramain Railway station in KAEC and the future land bridge”.

Mr. Al-Hareth expressed his pride in the partnership with King Abdullah Economic City, one of the largest and most significant economic projects run by the private sector in the Middle East. He stated:”We are committed to provide our expertise to design and develop an advanced industrial environment with effective and tangible results for the region and the world while providing the highest standards of infrastructure. With over 20 years of experience in infrastructure, SSH is one of the Saudi Aramco approved contractors for executing infrastructure projects over the amount of SR 370 million.”

King Abdullah Economic City recently launched phase II of the Industrial Valley on an area of ​​22 million sq.m. after the completion of the 3.5 million sq.m phase I development with all infrastructure. The IV is currently a location magnet to local and global industrial and leading businesses. Besides the fact that there are several ongoing factories under construction, over 50 companies having KAEC as their headquarter signed their final or reserve contracts. Several manufacturing plants began their actual production outputs and will be utilizing the port of King Abdullah for export purposes connecting them to the world.