2006 News Story

SAGIA forum highlights investment opportunities at economic cities

A major forum was held in Riyadh today to highlight investment opportunities in four economic cities launched by Custodian of the Two Holy Mosques King Abdullah this year. The economic cities are located in Rabigh, Hail, Madinah and Jizan.

The forum on smart cities was organized by the Saudi Arabian General Investment Authority (SAGIA).

“SAGIA aims to establish not only economic cities but intends to coordinate with developers to establish smart cities that will contribute to building knowledge cities all over the Kingdom,” said SAGIA Governor Amr Al-Dabbagh in opening remarks at the forum, as quoted in today’s Arab News. 

Al-Dabbagh said the economic cities would provide advanced infrastructure facilities to transfer data, establish contacts and extend services acquiring the best information technology available globally.

Al-Dabbagh also said that a study is underway to determine the feasibility of establishing two economic cities in the northern and eastern regions of the Kingdom.

Intel Chairman Craig Barrett also addressed the forum. In his remarks, Barrett noted that the Kingdom has played a leading role in the promotion and use of information technology in the economic sector as well as in society.