ECZA, SIDF, Emaar EC signs deal to develop KAEC’s ‘Land and Loan’ program

To attract valuable investments to KAEC’s logistics sector

  
Cars drive past the King Abdullah Financial District in Riyadh, Saudi Arabia December 18, 2018. Image used for illustrative purpose.

Cars drive past the King Abdullah Financial District in Riyadh, Saudi Arabia December 18, 2018. Image used for illustrative purpose.

REUTERS/Faisal Al Nasser
RIYADH: Saudi Arabia's Economic Cities and Special Zones Authority (ECZA) signed a memorandum of understanding (MoU) with the Saudi Industrial Development Fund (SIDF) and Emaar Economic City (EEC) to enhance the investment environment in King Abdullah Economic City (KAEC).

"The tripartite cooperation agreement aims to promote the industrial and logistics integration initiative at KAEC to further build on ‘Land and Loan’ program to attract valuable investments to KAEC’s logistics sector," according to a statement.

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