Saudi Arabia has launched the first phase of Madinah Gate, a key development within Knowledge Economic City (KEC), being set up on the concept of Transport-Oriented Development (TOD).
A premium project, Madinah Gate will feature more than 22,000sqm of rental space, as well as a 4-star hotel with 325 rooms. The project will also have a major area set aside as a logistics hub, along with a direct connection to the Haramain High-Speed Railway, which links Madinah with Makkah.
Madinah Gate – the first two phases of which will span 37,000sqm – is being developed as a collaboration between Saudi Arabia Railways and developer Knowledge Economic City Company, with support from the city’s authorities. Phase One is estimated to have investments worth US $160mn, and was inaugurated by Emir of Madinah, Prince Salman bin Sultan.
The opening ceremony included a video presentation about the Madinah Gate project and its three main components – Hotel Double Tree by Hilton, with a total of 325 hotel rooms, a retail zone with 80 stores, 44 restaurants and entertainment facilities, and a modern bus station with a capacity of up to 780 passengers per hour.
Amin Shaker, Chairman of the Board of Directors, KEC, explained that the launch of the Madinah Gate project was an important moment that embodies the company’s commitment to achieving the goals of Vision 2030 by providing sustainable and advanced urban solutions. “This project is a real estate development with a strategic step aimed at enhancing the status of Madinah as a global destination for visitors, through an integrated infrastructure that contributes to raising the quality of life,” he said.
The Madinah Gate project is the result of cooperation between Saudi Railway Company (SAR) and Knowledge Economic City, with the support of the region’s emirate, Madinah Development Authority, and the Madinah Mayoralty. It is under the direct supervision of the Economic Cities Special Zones Authority.
Madinah Gate to have express link with Makkah Middle East Construction News.
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