Saudi Arabia was expanding. With an increasing population and a huge number of the workforce from abroad making their living in the country.
The cities were getting claustrophobic. To ease the congestion, the government had to take drastic measures. And so it did. In 2005, King Abdullah Bin Abdulaziz Al Saud announced a megaproject.
This project was going to change the way the world sees Saudi Arabia. It was the King Abdullah Economic City. Located along the Red Sea, a few hundred kilometers north of Jeddah, the megacity is one of its kind in the Kingdom. Considered to be the next generation city, King Abdullah Economic City is the new face of Saudi Arabia.
The city is set to be the hub of economic activities in the region. It consists of several zones including Industrial Zone, Residential Zones, Sea Resorts, Educational Areas and a Central Business District which contains the Financial Island.
The purpose of developing a whole city from scratch was so that more and more people could have their own homes. The whole idea of the Saudi Vision 2030 is to establish economic sovereignty of the country by enabling its residents to achieve more.
Purchasing real estate not only breaks the chain of monthly rents but also gives a valuable investment outlet. The presence of an industrial zone in KAEC has driven local and foreign workforce to the city.
Thus increasing the demand for properties for rent in King Abdullah Economic City. However, the majority of the population is Saudi nationals who are looking for properties for sale in KAEC.
Turn Your Dreams Into Reality At KAEC
This city is like none other in the Kingdom. It is specifically designed to give Saudis an exclusive, luxurious lifestyle. The crème de la crème of the Kingdom have already arrived here. People from all walks of life are looking for properties for sale in KAEC.
This is where scholars want to come to decipher the meaning of life. This is where you will find artists creating new masterpieces, inspired by the pristine beaches.
This is where the financial wizards will be found crunching the numbers while relaxing in the beachfront resorts. This is where the families can be found making happy memories together. This city is where your dreams really do come true.
Sure, you can easily get properties for sale in Riyadh or Jeddah or Jubail but the quality of life offered at KAEC is unmatched. There are various residential districts to choose from. If you want to live by the sandy beaches, Al Murooj district is located on the Red Sea coast.
If you would rather prefer a marina view, Bay La Sun is your destination. For families looking for a calm, organic environment Al Talah Gardens is the perfect location. For those looking for a trendy, accessible, modern district, Al Waha and Al Shurooq are the ultimate choices.
This city has you spoilt for choices now, but it is only a matter of time when you will wish you had purchased a property in KAEC earlier. So let propertyfinder.sa’s network of licensed estate agents present you with a perfect abode.