A multi-billion dollar project to develop the largest industrial city of Saudi Arabia will be launched in January 2014 and is expected to attract massive funds from the Kingdom and neighboring Qatar.
The project in Salwa coastal strip on the Gulf near the border with Qatar has been approved by Saudi authorities and is planned to be built on an area of nearly 300 square kilometers. The area of the industrial city is almost 40 percent the size of Bahrain. “The Salwa and the Airport Road Industrial City will be launched next month,” according to officials.
The first phase of the Salwa project will be completed within 10 months and the officials expect this project to be the largest industrial city in the Kingdom,” according to the Saudi Arabian media news.
In a recent statement, the Saudi Industrial Cities Authority, which manages about 40 industrial cities, said the Salwa project would have a capacity to accommodate more than 10,000 factories and billion dollar investments; providing over 600,000 jobs.
“The industrial city in Salwa will serve investors from both Saudi Arabia and Qatar,” said Abdullah Al Nashwan, secretary general of the chamber of commerce and industry in the Eastern Saudi province of Ihsa, where the project will be based. “It is planned to be Saudi Arabia’s largest industrial city and Qatari investors have already conveyed their interests to invest in this city as soon as it starts. It is a mega project,” he said.
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