Medina Knowledge Economic City (KEC) was inaugurated by King Abdullah bin Abdulaziz al Saud in June 2006, marking the third of six economic cities announced by Amr Dabbagh, Governor of the Saudi Arabian General Investment Authority. Situated in Madinah, the project, with an estimated value of 30 billion riyals ($7 billion USD).
The primary objective of Medina Knowledge Economic City is to cultivate a world-class destination that fosters investments and knowledge-based economic development. In other words, the project aspires to serve as Madinah's Gateway to the Future.
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KEC's major projects underscore its commitment to urban development and enhancement of the visitor experience in Madinah. The Madinah Gate project seeks to develop lands adjacent to the Al-Haramain High-Speed Railway, focusing on hospitality, markets, and transportation media directly related to the railway. This development is designed as a transport-oriented hub to cater to visitors, pilgrims, Umrah performers, and users of the station.
The Al Alya’a project, characterized by a sprawling garden spanning over 60,000 square meters, embodies the urban renaissance of Madinah and aligns with the Kingdom's vision 2030. It aims to create friendly human cities while offering a distinctive lifestyle for residents.
Another notable endeavor is the KEC Hub, an entertainment hotel commercial project designed to provide an urban environment and a unique lifestyle experience. Inspired by the urban character of Madinah, this multi-use urban hub integrates hiking, shopping, housing, and leisure services.
Lastly, the Islamic World District project aims to leverage the proximity of the railway station to provide integrated services for pilgrims, Umrah performers, and visitors. It embraces the diverse cultures of the Islamic world through architectural and urban designs, respecting the Islamic character of Madinah and celebrating cultural diversity.
Knowledge Economic City (KEC) is a large-scale project being headed by Taiba Investments Company in Madinah, Saudi Arabia. KEC was established to support Saudi Arabia's Vision 2030, which aims to become a hub for innovation and knowledge-based enterprises while also diversifying the country's economy.
Built to service a variety of industries, including residential, commercial, healthcare, educational, sports, and entertainment facilities, KEC is managed and developed by Taiba Investments. The city has been carefully planned to foster an environment that is supportive to initiatives related to research, development, and education.
Because it provides cutting edge infrastructure, cutting edge facilities, and a collaborative ecosystem for businesses, academic institutions, and research institutes, KEC is crucial to the knowledge economy. The city wants to attract both global and domestic investment in order to foster economic growth and provide job opportunities in knowledge-based industries.
Knowledge Economic City is a shining illustration of Taiba Investments' dedication to using innovation and sustainability to transform Madinah's economy. A key project in Taiba's portfolio, KEC advances the main goals of Vision 2030, which include creating a robust and diversified Saudi Arabian economy.
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