Media Centre

King Abdullah Economic City (KAEC) has announced the completion of Phase One of The Village, an integrated housing complex for staff level employees and supervisors working in the Industrial Valley, with a wide range of recreational facilities and services.

 “We are committed to providing residential accommodation for all income levels. The Village is an exemplary model of modern housing that sets a new high in standards of accommodation, offering an enriching quality of life for workers and supervisors,” said Mr. Fahd Al-Rasheed, Group CEO and Managing Director of KAEC. “By raising the standard of housing for workers, we are raising the quality of life for everyone, which is a fundamental value of KAEC. The opening of Phase One of The Village represents another step forward in the rapid progress we are making towards realizing the vision of King Abdullah Economic City as one of the world’s most advanced new cities.”

KAEC has created a range of flexible pricing packages to address each employer’s need. Accommodation can be leased by room, by floor or by building, according to specific workforce requirements. The Village also features a dedicated medical facility for its tenants, operated by the renowned Dr. Soliman Fakeeh Hospital, supported by KAEC’s Family Care Clinic and The Dr. Soliman Fakeeh Hospital in Jeddah for more serious cases. This is part of a city-wide expansion in healthcare to increase the scope of services for resident populations and surrounding communities. It includes preventative, diagnostic and management care for various diseases and indications.

“With its modern, purpose-built accommodation meeting all the service needs of senior and regular workers and set in a clean, safe and contemporary environment, The Village is a direct and affordable solution for employers and will become the benchmark for staff accommodation throughout the Kingdom of Saudi Arabia,” said Mr. Charles Biele, CEO of Real Estate Development Company (REDCO) at KAEC.

The Industrial Valley has attracted more than 100 national and international companies from the industrial and logistic sectors and many have already begun operating. The Industrial Valley enjoys a strategic location connected by a fully integrated network of roads and transportation services, and a direct link to King Abdullah Port.

“The Village is part of the holistic housing solution offered by the Industrial Valley, that enables investors to achieve productivity and sustainable growth, and offers the right environment for creativity,” said Mr. Rayan Qutub, CEO of the Industrial Valley at KAEC. “The Village compliments the range of services offered by the Industrial Valley, and reduces investment costs, by providing a fully integrated range of developed land ready to handover, all supported by world class infrastructure.”

About KAEC

King Abdullah Economic City covers 181 million square meters of land and is being developed into a fully integrated city. The mega project consists of: the Coastal Communities offering total housing solutions for all segments of society; King Abdullah Port which is being developed to be one of the largest ports in the world; the Hejaz district that includes the Haramain Railway station; and the Industrial Valley which extends over an area of 55 million square meters and has signed with a wide variety of leading national and international companies.