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The
Kingdom�s ambitious plan to dramatically raise investment competitiveness under its "10 x 10" programme to put
Saudi Arabia among the world's Top 10 globally competitive
investment destinations by 2010 can be best seen in the
�Economic Cities� announced in recent times. According to
SAGIA, the four cities are expected to attract investments worth
more than SR300bn and create more than a million jobs within the
next 10 to 20 years. In the field of balanced regional
development, SAGIA, supported by the Custodian of the Two Holy
Mosques and the Crown Prince, launched three integrated economic
cities in 2006, one each in Hail, Madinah and Jazan. In 2005 King
Abdullah Economic City in Rabegh was launched. A study is underway
to establish two more economic cities, one in Tabuk and one in the
Kingdom�s Eastern Region in 2007.
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