Arab Today, arab today king abdullah economic city eyes 12000 jobs by 2015
Last Updated : GMT 08:53:10
Arab Today, arab today
Arab Today, arab today

King Abdullah Economic City eyes 12,000 jobs by 2015

Arab Today, arab today

Arab Today, arab today King Abdullah Economic City eyes 12,000 jobs by 2015

Riyadh - Arabstoday

Saudi Arabia\'s King Abdullah Economic City is on target to create 12,000 jobs by 2015, with 10,000 already in place, the project’s CEO said on Monday. “We estimate that we will have 12,000 jobs in three years,” Fahd Al Rasheed, CEO of King Abdullah Economic City (KAEC), said at the 6th Arabian Business Forum at the Armani Hotel in Dubai. KAEC, which is a US$100bn project being built by Dubai’s Emaar Properties - developer of the Burj Khalifa, the world’s tallest building - will be home to 2m residents when it is completed in 2025, Al Rasheed added. With 10,000 jobs already created, Al Rasheed reported Saudi Arabian Airlines will move 2,000 employees to KAEC as the project begins to take shape. The size of Washington DC when finished, the project’s key sectors will be tourism, logistics, energy, transportation and manufacturing and Al Rasheed is confident KAEC’s aim is to entice western companies to invest cash in the kingdom. \"Companies in Europe have US$1.5 trillion in cash,\" Al Rasheed said. \"Their difficulty is working out where to invest it - their biggest problem is entering new markets. This is something that Dubai and the Gulf needs to leverage in a big way.\" Al Rasheed said the aim was that every job created in industry or logistics, three more will be created downstream and another three or four will be created in the spin off retail, marketing a services spin-off sector. Going forward, KAEC’s port will open in 2013, the first school will open in September and a metro will need to come on stream in the next few decades, he added. By / Arabian Business

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today king abdullah economic city eyes 12000 jobs by 2015 Arab Today, arab today king abdullah economic city eyes 12000 jobs by 2015

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today king abdullah economic city eyes 12000 jobs by 2015 Arab Today, arab today king abdullah economic city eyes 12000 jobs by 2015

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday