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Saudi Arabia: KAEC Pipeline of $27 Million

Saudi Arabia: KAEC Pipeline of $27 Million

Tuesday, 26 June, 2018 - 08:15
King Abdullah Economic City is the largest privately-funded new city in the world. (Reuters)

King Abdullah Economic City launched with Gas Arabian Services a natural gas pipeline project worth SAR102 million (USD27.2 million) in the Industrial Valley.

This is part of a comprehensive project that Aramco is keen to implement with KAEC to supply the economic city with natural gas from Yanbu.

The diameter of the pipeline reaches 18 inches and has a length of around 13.7 kilometers, according to the low-pressure system.

Fahd Al-Rasheed, managing director and CEO of KAEC, said the project’s inauguration aims to fulfill future and current needs.

The project would be an added value offered by the Industrial Valley to investors for allowing to reduce the operational costs of different companies, factories and investors in the city in addition to expanding the quality of target investments to include gas-dependent industries with competitive prices and features.

The pipeline project has several facilities, including a launch area, a joint free zone between KAEC and Aramco in the fifth phase of the Industrial Valley, and another delivery zone in the second phase.

Development works for the pipeline are expected to be completed within 15 months. 

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