By Maged Al-Shabib
Riyadh-Mubasher: A total of 120 companies invest in King Abdullah Economic City (KAEC), including the U.S.'s Pfizer and France's Sanofi that are of the major global pharmaceutical firms, said Fahd Hamidaddin, head of marketing at KAEC.
On the sidelines of the Global Competitiveness Forum, held in Riyadh, Hamidaddin told Mubasher that KAEC targets 2 million citizens over the next four centuries, adding that the city has the biggest infrastructure network in the Middle East.
King Abdullah Port is currently the second biggest port in the kingdom, and will be the biggest on the Red Sea by 2018, he said.
CEO Fahd Al-Rasheed said there are 247,000 cities around the globe competing for supremacy and continuity, and thus KAEC competes for boosting its growth.
Translated by Abdul Maguid Aboshahla
