{"id":92858,"date":"2024-12-25T00:00:00","date_gmt":"2024-12-25T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/12\/25\/kec-breaks-ground-on-madinah-gate-project\/"},"modified":"2024-12-25T00:00:00","modified_gmt":"2024-12-25T00:00:00","slug":"kec-breaks-ground-on-madinah-gate-project","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/12\/25\/kec-breaks-ground-on-madinah-gate-project\/","title":{"rendered":"KEC breaks ground on Madinah Gate project"},"content":{"rendered":"

KEC kickstarts work on p<\/strong>hase one of <\/strong>Madinah Gate<\/a><\/strong>: <\/strong>The commercial and entertainment hub project will have initial investments worth SAR 600 mn, according to a statement on X<\/a>. This is a project of the Knowledge Economic City (KEC). <\/p>\n

Project profile: <\/strong>The first phase of the mixed-use development will span 22k sqm, state news agency SPA reported last month<\/a>. Madinah Gate will span some 37k sqm and is set to include a four-star 325-key DoubleTree Hilton hotel, some 80 shops, 44 restaurants, residential apartments, and recreational facilities. <\/p>\n

All roads (and rails) will lead there:<\/strong> Prioritizing accessibility, the transit-oriented development (TOD) project will feature a modern bus station, with a transport capacity of 780 people per hour, and direct access to the Haramain High-Speed Railway, which links the city to Makkah. <\/p>\n

Who\u2019s in on it:<\/strong> Riyadh Financial Company is investing in the project through a real estate fund,<\/strong> according to SPA. Meanwhile, Saudi Railway Company and KEC are co-developing the project with backing from the city\u2019s authorities, Mubasher reports<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":"

The project is backed by an initial investment of SAR 600 mn<\/p>\n","protected":false},"author":1,"featured_media":92859,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2616],"tags":[10,31,170],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-92858","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-enterpriseam-ksa","tag-investment-watch","tag-knowledge-economic-city","wpautop","entry"],"acf":{"mongo_id":"f85965a3-a132-4cf4-8b20-0ed5f771987c","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/12\/2159.jpg","photo_position":"above","homepage_title":"","full_issue_title":"KEC breaks ground on Madinah Gate project","related_issue":[92850],"teaser":"The project is backed by an initial investment of SAR 600 mn","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/12\/.c1f99eaa-ee60-445c-bbda-12cbb95c0a4d.mp3"},"yoast_head":"\nKEC breaks ground on Madinah Gate project - 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