KAEC signs SAR 2 bln investment deals in various sectors

09/11/2017 Argaam

 

King Abdullah Economic City (KAEC) announced on Wednesday several investment agreements worth a total of SAR 2 billion, Alriyadh daily reported.

 

One of the deals was inked between the General Customs Authority and the Economic Cities Authority (ECA) to build a deposit and re-export zone in KAEC.

 

Other deals included the establishment of an auto racing circuit at Lagoona and Marina Dreams, an agreement to build a gas station, and one to expand the Industrial Valley.

KAEC also signed agreements in the real estate development, tourism and leisure sectors, it was reported.

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