Knowledge
Economic City
Designed to enhance the urban renaissance that focuses on creating real estate products with knowledge and technology content, attracting talent and creating opportunities internationally.
Knowledge Economic City Co. (KEC) was established as a Saudi joint-stock company with a capital of 3.4 billion Saudi riyals. It is characterized by its strategic location within the boundaries of the Medina Sanctuary and within the urban range of Medina, located on both sides of the main road linking the Prophet’s Mosque, Al-Haramain High-Speed Railway and Prince Mohammad Bin Abdulaziz International Airport. The KEC is about (5) kilometers east from the Prophet’s Mosque and (8) kilometers south of Prince Mohammad Bin Abdulaziz International Airport and characterized by its embrace of Al-Haramain High-Speed Railway, on the eastern side of the KEC, which links the two regions of Medina and Mecca, and the holy sites, passing through King Abdullah Economic City and Jeddah.
The location of the KEC project, which has an area of about (6.8) million square meters, is unique in its direct connection with the five most important roads in Medina, which have a width of 80-100 m. It is planned to start the first phase of the internal public transport network starting from Prince Mohammed bin Abdulaziz International Airport to facilitate transportation to the Prophet’s Mosque through the Al-Haramain High-Speed Railway and the kEC by 2023.
The company focuses on benefiting from the religious and historical status of Medina by developing an attractive environment that relies on technology and knowledge in linking its various components, establishing real estate development projects that contribute to achieving the goals of development plans for the Kingdom of Saudi Arabia and linking its components to the Vision 2030, which contributes to serving the residents and visitors of Medina and maximizing the returns of the company's shareholders.
It also aims to diversify the sources of income through the various uses of lands and real estate developed for different purposes and the operating income from the owned assets, such as commercial and real estate assets, the income of joint ventures and other sources of income generated from investing in other assets, may not be directly related to the operations of the company or the sector, but it serves its goals, especially the related with the field of knowledge and real estate development projects, through joint investment with some well-known investment institutions in the Kingdom. In addition to developing hospitality, shopping, housing and services projects that benefit from the operating of the railway station in the eastern part of the city, and with the development of services in the area around the airport, which speeds up the need to develop the southern part, starting from the area surrounding the station and the development of knowledge projects in the health, educational and logistical fields.
KEC at
a glance:
m2 land area
from Prince Mohammad Bin Abdulaziz International Airport
inhabitants (targeted)
keys from 2 to 5-star hotels (targeted)
From the Prophet's Mosque
Located in between Al Madinah’s 2nd and 3rd ring roads for outstanding local connectivity
KEC Targeted Sectors
Housing
Hospitality
Knowledge
(Health Care , Education , Entertainment , Museums & Interactive Parks)
Retail & Shopping
MICE
(Meetings, Incentives, Conferencing, Exhibitions)
Ground-breaking new projects in the pipeline are changing the way investors, pilgrims, and visitors experience KEC
KEC Hub
180,000 m2 project area
65,000 m2 main park area
122,000 m2 project GLA
2.2 Billion SAR targeted investment
600 rooms in 4 and 5 star hotels
66 units in branded residential apartments
Phase 1 includes: Entertainment destination mall 72,000 m2 GLA, Hilton 5-star hotel (350 keys, 750-seat convention hall, 66 branded residential units, 450-m long boulevard)
Madinah Gate
Phase I
22,000 m2 project area
22,750 m2 project GLA
325 hotel rooms
385 milion SAR targeted investment
Bus terminal (780 passengers per hour)
Islamic World District
980,000 m2 project area
20,000 hotel rooms
Residential, commercial, office and hospitality area will be developed in conjunction with IWD
Affordable accommodation which features various cultural elements of Islamic countries
Pedestrian-friendly walkways to connect different courtyard areas targeting different cultures within the Islamic World