The King Abdullah Economic City (KAEC) in Rabigh, which was launched by King Abdullah in December last year, is designed to accommodate investment projects worth SR100 billion. According to Arab News, a feasibility study is being done on establishing two more economic cities - one in Jeddah and the other in the Eastern Province, disclosed Muhammad Alabbar, chairman of Emaar Properties.

© 2006 Mena Report (www.menareport.com)