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December 5, 2006

UAE: Knowledge Economic City in Al-Madinah inks SR1 Billion ($267 Million) deals at Cityscape

Source: AME info

The Knowledge Economic City (KEC), Saudi Arabia's giant knowledge-based industries (KBI) complex in Al-Madinah Al-Munawwarah, launched by the Custodian of the Two Holy Mosques King Abdullah bin AbdulAziz in June, signed three major memoranda of understanding (with Siraj Capital Ltd and PMDC, Savola Group Co., and Malaz Group) as well as two key consultancy contracts (with HOK Canada, and IBI Group of Toronto) during Dubai's Cityscape.

'Given Al-Madinah's position as the cradle of Islamic creed and civilization, launching the Knowledge Economic City in Al-Madinah is a renaissance of sorts. We are very excited to be marking Cityscape with the signing of new partnerships with some of the world's best brands and contractors, all focused on this unique project,' said Dr. Sami Baroum, CEO of Seera City Company.

Full story...

Posted by pichu at December 5, 2006 7:08 PM