Saudi Arabia's King Abdullah Economic City (KAEC) has signed a strategic partnership agreement with Skytower Investment Company, aiming to develop a zero carbon industrial park within the city.

 

KAEC said this partnership seeks to harness the expertise and resources of both parties to develop and enhance sustainability in the kingdom in line with Saudi green initiatives, said a Saudi Press Agency report.

 

It also indicated that such collaboration will attract numerous investments and provide an opportunity to explore the investment prospects present within the city. 

 

KAEC strives to attract major corporations, relying on its strategic location, advanced and distinctive infrastructure and connectivity through highways and railways. 

 

The planned zero-carbon industry park is set to cover a range of advanced high-tech sectors, including carbon, hydrogen and silicon materials and clean energy technologies such as solar and wind energy innovations. 

 

Located north of Jeddah, KAEC is a 185 sq km city anchored by King Abdullah Port and KAEC Industrial Valley.