International Trade Gateway Co. Ltd. (ITG) has signed a contract with Saudi Arabia?s King Abdullah Economic City (KAEC) for the purchase of a 9,000 sq m area of land to build a high voltage cable factory and it will be the first of its kind in KAEC
Fahd Al-Rasheed, Group CEO of KAEC, said, ?We are proud that KAEC, through the Industrial Valley and other components, is establishing itself as the go-to destination for national, regional and global investors who will enable us to move forward towards achieving the government?s strategic vision for the city.?
According to KAEC, one of the strategic advantages of the Industrial Valley is its direct link to King Abdullah Port, which greatly increases the efficiency of imports/exports and manufacturing.
?We will develop a new production facility that will expand our services and propel our strategic plans. We have determined that KAEC?s Industrial Valley is the ideal location from which to expand our business and reach a wider group of investors due to the strategic location, ease of procedures for new investments, and high quality infrastructure,? added Khalid Makki, president of ITG.
He also underlined the company?s manufacturing capabilities and the value it will add to the city, thanks to its commitment to the highest standards of quality for its production lines in cabling, conductors, conveyors, transformers, control boards, and lighting.
?The Industrial Valley offers world-class infrastructure and a wide range of tailored business solutions, supported by comprehensive facilities, including The Village, a customised accommodation solution for workers and supervisors,? according to Rayan Qutub, CEO of Industrial Valley.
The Industrial Valley has attracted 120 national and global corporations so far, and the construction material production sector is considered one of the six target sectors for the Industrial Valley.