Prince Abdulaziz Bin Mousaed Economic City (PABMEC) is a proposed
planned city
A planned community, planned city, planned town, or planned settlement is any community that was carefully planned from its inception and is typically constructed on previously undeveloped land. This contrasts with settlements that evolve ...
in
Saudi Arabia
Saudi Arabia, officially the Kingdom of Saudi Arabia (KSA), is a country in West Asia. Located in the centre of the Middle East, it covers the bulk of the Arabian Peninsula and has a land area of about , making it the List of Asian countries ...
.
[الهيئة العامة للاستثمار:مدينة الأمير عبد العزيز بن مساعد](_blank)
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Initially planned to be , it was subsequently reduced to .
City strategy
The area of Prince Abdulaziz bin Musaed Economic City is proposed to cover . According to the official plan, the cost of the project with its various equipment is 30 billion riyals (eight billion US dollars) over ten years, which includes building a number of areas: the airport, the agricultural area, the central business district, the resort area, facilities and residential neighborhoods And the educational zone. The city's business is focused on transportation services, logistics services, educational services, agricultural services, industrial and mining services, recreational services, housing and infrastructure.
In 2014, it was announced that the planned city's size would be reduced to
after a revision by the Saudi Arabian Economic Cities Authority (ECA).
See also
*
King Abdullah Economic City
King Abdullah Economic City (KAEC, ; ) is a planned city in Rabigh Governorate, Mecca Province, Saudi Arabia. It was announced as a megaproject in 2005 by King Abdullah bin Abdulaziz. It is located in close proximity to Thuwal, almost 100 k ...
*
Neom
Neom (styled NEOM; , ) is an arcology and planned city being built by Saudi Arabia in Tabuk Province. Launched in 2017 by crown prince Mohammad bin Salman, the site is at the northern tip of the Red Sea, due east of Egypt across the Gulf of A ...
References
External links
CNN Money
{{Saudi Arabia topics
Populated places in Saudi Arabia
Economy of Saudi Arabia
Proposed special economic zones
Planned communities in Saudi Arabia