Riyadh – Mubasher: King Abdullah Economic City (KAEC) signed a contract with the International Trade Gateway Co. Ltd. (ITG) to build a high voltage cable factory with international standards in the Industrial Valley at KAEC.

The factory will be built on a 9,000 square metres area of land in phase 1 of the Industrial Valley at KAEC, and will be the first of its kind in the Economic City, according to a press release published on Tuesday.

“We will develop a new production facility that will expand our services and propel our strategic plans. We have determined that KAEC’s Industrial Valley is the ideal location from which to expand our business and reach a wider group of investors due to the strategic location, ease of procedures for new investments, and high quality infrastructure,” Khalid Makki, president of ITG said.

The Industrial Valley’s direct link to King Abdullah Port increases the efficiency of imports/exports and manufacturing, the statement added.

“The Industrial Valley offers world-class infrastructure and a wide range of tailored business solutions, supported by comprehensive facilities, including The Village, a customized accommodation solution for workers and supervisors,” Rayan Qutub, CEO of the Industrial Valley said.

Around 120 national and global corporations were attracted to the Industrial Valley so far, and the construction material production sector is considered one of the six target sectors for the Industrial Valley.