Saudi Arabia’s Prince AbdulAziz Bin Mousaed Economic City, which is set to become the largest transportation and logistics hub in the Middle East, is likely to see a total private sector investment of SR30bn  over the next 10 years.

Hail’s sound base in agriculture accounts for 70% of the region’s employment in this sector, and 90% of corn, 33% of potatoes, and 31% of barley produced in Saudi Arabia. Total annual production is in excess of 800,000 tons. There is enormous potential in pre-packaged foods, agricultural-related industries, and new technologies for more efficient use of water.

Covering an area of over 150mn square meters, the Prince AbdulAziz bin Mousaed Economic City will incorporate a cluster-based development comprising: transportation, logistics and supply chain centers; educational services; agricultural and food processing services; mining and commerce services; housing; and infrastructure.

In the area of transportation, logistics and supply chain, an international airport is expected to cater to three million passengers per year, while a railway station will cater to approximately two million passengers annually. Dry ports and operation centers will be capable of handling over 1.5mn tonnes of cargo annually.  

The region will also benefit from a new international airport and a major expansion of the Kingdom’s railway system, which will connect the main regions. In addition, major new highways are being constructed to link the Kingdom through Hail with Jordan, Iraq and also Madinah.