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RE: LeoThread 2025-02-09 18:51

in LeoFinance8 months ago

Part 1/9:

The King Abdullah Economic City: Ambition Meets Reality

In a time when many countries, particularly in the Arab world, strive to create beacons of modernity and innovation through massive urban projects, Saudi Arabia is no exception. Amidst extravagant initiatives characterized by visionary plans, one project stands out: the King Abdullah Economic City (KAEC). Announced in 2005 under the reign of King Abdullah, this ambitious undertaking aimed not just to diversify the Saudi economy but to alleviate urban overcrowding and provide millions of jobs. However, the path to this modern oasis has been fraught with challenges, prompting critical discussions regarding its practicality and long-term viability.

Background and Purpose of KAEC