JEDDAH: Crown Prince Sultan, deputy premier and minister of defense and aviation, emphasized Tuesday the role of economic cities in attracting domestic and foreign investment and creating new job opportunities for young Saudi men and women.
Prince Sultan made the comment during his visit to King Abdullah Economic City (KAEC) in Rabigh. “The launch of mega economic cities by Custodian of the Two Holy Mosques King Abdullah came in line with his futuristic vision,” the crown prince wrote in the visitors’ register.
He said the economic cities would also activate the private sector’s role in achieving balanced development in various parts of the country. The four economic cities in Rabigh, Madinah, Hail and Jazan are expected to attract investments worth SR300 billion.
“These economic cities would act as engines of attracting global investment,” Prince Sultan said. He commended KAEC’s efforts to train Saudis. The function was attended by Makkah Gov. Prince Khaled Al-Faisal and other top officials.
Earlier, Prince Sultan was briefed on the smart services being offered by the Economic Cities Authority to investors, including consultancy services. He also watched a documentary on KAEC, which covers an area of 168 million square meters and includes a large port and industrial and residential regions.
