Description | Location | Launch | Press
Statement of Developers:

The exceptional location that Madinah uniquely enjoys attracts visitors, pilgrims and Umrah performers from all over the world to visit the Mosque of the Prophet peace be upon Him. The growing number of visitors, along with the guidance of the Custodian of the two Holy Mosques King Abdullah bin AbdulAziz, made the idea to develop a place to meet the growing expectations for international-standard services inevitable. This would attract Muslim scientists and researchers to a site that enjoys a mixture of spirituality and globalization.

This led to the idea of establishing the Knowledge Economic City, which, with the will of God, became under the patronage of the Custodian of the Two Holy Mosques, King Abdullah Bin Abdul Aziz a project under execution and very soon will be an actual modern city.

This pioneering City God willing will, source investment opportunities that will support the economic development of Medina Al-Munawarah in particular, and the overall Saudi economy in general. The Project will provide an advanced mechanism through which the local and international investments of the private sector in all economic fields will be attracted.

The Knowledge Economic City will secure 20,000 jobs in the industrial, academic, cultural and commercial sectors. On the other hand, the City will accompany the economic prosperity of Medina as well as the transformation of Prince Mohammed Bin AbdulAziz Airport to an international one, the expansion of Medina Central Zone, and the rapid increase in number of visitors forecasted in the next 10 years.

While presenting this project, we assure you that we highly consider its special location as well as its mission in servicing Muslims to the highest international standards, to ensure meeting their expectations and restoring the pioneering scientific role of the cradle of Islam "Taiba Al Tayebah", a place that is illuminated by the purest of all beings peace be upon Him

Saudi Arabian General Investment Authority (SAGIA):

SAGIA operates under the directions of the Kingdom's Supreme Economic Council, providing services and facilities to investors that would elevate the environment of investment and support the economic development in the Kingdom of Saudi Arabia. The Authority was established in April 2000 by a Royal Decree to motivate the internal investments and facilitate the exchange of best practices between the public and private sectors. It also acts as a mediator between the global business community and the Saudi Government and its ministries and departments. The Authority aims to participate in an advanced economic policy based on studies and strategic research.
The set role of SAGIA in the Kingdom of Saudi Arabia is to complement and support the parties interested in investing in various sectors, and finalize the investors' procedures. .


SAGIA's Vision:

To achieve rapid and continuous economic growth in KSA, through investing in its elements of power as the world's major source of oil, and a link that connects the East to the West.


SAGIA's Mission:

To establish a working environment that is healthy and attractive to investors, as well as to provide overall services and motivate investment in the sectors of oil, transportation and knowledge based industries.


SAGIA's Six Roles:
  • Provision of rapid and comprehensive services and facilities, as well as the provision of information to all Saudi and foreign investors in a modern way.
  • Promotion of the investment opportunities associated with the comparative advantages of each region in the Kingdom.
  • Achieving balanced regional growth, through the spread of investment activities to all the Kingdom's regions in a way that matches the comparative investment features in each region.
  • Sourcing new investors by means of supporting male and female national youths, to enable them to start their own businesses in collaboration with the Centenary Fund.
  • Rendering services and facilities to Saudi and foreign investors in various investment sectors, concentrating on the attraction of investments in a number of sectors on the basis of their comparative features and multiple economic impact.
  • Coordinating with different ministries and related departments, aiming to match between the investment regulations the actual requirements that allow for the preparation of a healthy investment environment that guarantees the attraction of local and foreign investments.