RIYADH: King Abdullah Economic City in Saudi Arabia signed agreements worth SR2 billion ($533 million) with several companies on the sidelines of the Time Forum on Wednesday. Time Forum allows KAEC’s leaders to meet with partners from ministries, government agencies, the private sector and other interested parties.
Investors and leaders from business and government attended the forum, including representatives from international organizations, like the Young Professionals’ Organization (YPO) and a delegation of global leaders who came to discuss plans to develop big global infrastructure projects.
They are planning to sign so many deals including an agreement with the General Customs Authority and the Economic Cities Authority (ECA) to establish a deposit and re-export zone in KAEC; an agreement with Lagoona and Marina Dreams to establish an auto-racing circuit; an agreement to establish a gas station; and an agreement to develop the Industrial Valley.
