Knowledge Economic City (KEC) has signed an agreement with Saudi group Alrashid Properties to develop a premium mixed-use project - the Multaqa Residences - in Madinah on a 149,520 sq m area. The SAR1.35 billion ($359 million) project will boast branded residences as well as retail and hospitality assets.
Saudi Arabia's Knowledge Economic City has announced the sale of 17,624.85 sq m plots of land within its premises in Madinah to two key entities - Al Bawaba International Investment and Olu Real Estate Company. The duo will be using these plots for the development of a mixed-use project.
Saudi Arabia's Knowledge Economic City (KEC) has awarded a SAR78.3 million ($20.9 million) framework contract to Audhah Mubarak Al Biladi & His Sons Contracting Company (ABASCO) for excavation and earthworks across a number of future development projects, according to a filing on the Saudi Stock Exchange.
Knowledge Economic City (KEC) has announced that it has awarded architectural and MEP works contract to Astra Construction for the Riyadh Schools Complex coming up within the key urban development project in Madinah. The entire work will be completed within 10 months.
Saudi Arabia's Knowledge Economic City has announced that it had signed a non-binding term sheet with Albilad Capital for the establishment of a closed-ended private real estate investment fund worth SAR1.5 billion ($400 million), to finance the first phase of its Multaqa Hospitality project in Madinah.
Knowledge Economic City (KEC) is participating as a Strategic Partner at Future Hospitality Summit Saudi Arabia 2026, showcasing its SAR24 billion ($6.3 billion) Madinah masterplan and engaging global investors to advance hospitality and mixed-use development opportunities.
Knowledge Economic City (KEC) has announced that it has secured a SAR150 million ($40 million) shariah-compliant financing facility from Saudi-based Riyad Bank to fund the construction work on the first two clusters within Phase I of its Islamic World District project.
Saudi Arabia’s Knowledge Economic City (KEC) said it has signed a joint venture agreement with Archipelago International Indonesia, a leading hotel management group in Southeast Asia, for the establishment of a hotel management and operations company.
The Knowledge Economic City has signed up ElKhereiji Commerce & Contracting to deliver the construction and electromechanical works for four residential towers within the Phase I of Al Alya mixed-use project in Riyadh. Spanning 270,000 sq m, Al Alya is one of the anchor projects at KEC featuring 2,000 residential units and other key amenities.
