KEC Madinah is one of four economic cities being developed in Saudi Arabia to boost regional development and provide employment for the country's growing population by focusing on Intellectual Property, Knowledge-Based Industries, Medical, Hospitality, Tourism and Multi-Media.
The project is located at Al-Madinah, the home of the Prophet (Peace Be Upon Him) where the Holy Quran was compiled. The project has special significance for Muslims throughout the world because of its location.
Knowledge Economic City is designed as a project that will position Saudi Arabia and young Saudi Arabian entrepreneurs as internationally respected leaders in knowledge based industries and aims to attract and develop talent from around the world. It will provide them with opportunities on a global scale while providing investors and entrepreneurs with infrastructure, opportunity, a unique pool of talent and the potential for a healthy return on investment.
More than 20,000 jobs and accommodation for about 150,000 people will be created by the project which will have an aggregated investment of more than SR30 billion and take up to 8-10 years to complete.