Taiwan has expressed primary interest in signing an MoU for investments in King Abdullah Economic City (KAEC). A delegation led by Taiwan’s vice minister of economic affairs, Hsieh Fa-Dah, and the country’s second economic secretary of economic affairs, Liao Hao-chih, visited the city.

The visit was hosted by Emaar, The Ecomomic City, the Tadawul listed company developing KAEC.
Fahd Al-Rasheed, CEO, and Nidal Jamjoom, executive director for commercial affairs, Emaar EC, welcomed the delegation comprising government and economic officials specialising in communications and technology. After presenting an overview of the investment opportunities available in KAEC and the significant progress made on the project, Fa-Dah expressed primary interest in signing an MoU regarding potential investment.
Al-Rasheed said: “The Taiwanese delegation expressed strong interest in investing in the various high-growth opportunities offered by KAEC. We also discussed various initiatives that could lead to several investments and industrial, commercial and service contracts to be executed in KAEC in the near future.”
KAEC has six key components - the sea port, industrial zone, central business district (including the financial district), resort district, educational zone and residential communities. Construction of the first phase including the industrial zone, sea port, resorts and residential communities is currently progressing according to plan. Sales of residential units and the leasing of the industrial plots have been gaining strong investor response.
Emaar EC leads the master-planning and development of the 168 million sq m King Abdullah Economic City (KAEC), a project being built on a pristine location off the Red Sea in the north of Jeddah.  The Saudi Arabian General Investment Authority (Sagia), the body responsible for inward investments into the kingdom, is the prime facilitator for KAEC.