Knowledge Economic City (KEC)
Rank: 28
Country: Saudi Arabia
Acting CEO: Mohammad Abdulhameed Almubarak
Date of establishment: 2006
KEC was incorporated in 2006 as one of four economic cities to support Saudi Arabia’s drive towards economic diversity and job creation. The Madinah Gate Project covers 60,000 square meters and is linked to Al Haramain Transit-Oriented Development train station. As well as the station, it consists of 78 shops, 39 cafes and restaurants, and a DoubleTree Hilton hotel. The company recorded $878 million in total assets as of September 2021. Its market value was $1.4 billion as of November 29, 2021.