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KEC kickstarts work on phase one of Madinah Gate: The commercial and entertainment hub project will have initial investments worth SAR 600 mn, according to a statement on X. This is a project of the Knowledge Economic City (KEC).
Project profile: The first phase of the mixed-use development will span 22k sqm, state news agency SPA reported last month. 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.
All roads (and rails) will lead there: 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.
Who’s in on it: Riyadh Financial Company is investing in the project through a real estate fund, according to SPA. Meanwhile, Saudi Railway Company and KEC are co-developing the project with backing from the city’s authorities, Mubasher reports.
