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09/03/2018 04:31 AST
Kingdom Holding Company (KHC) has signed a smart city consulting agreement to design ICT infrastructure and smart services for Jeddah Tower and Jeddah Economic City Project on behalf of the Jeddah Economic Company (JEC) partners - which includes KHC - with Orange Business Services of France.
The agreement was signed by the CEO of Kingdom Holding Company Talal Almaiman, who is also board member of the JEC.
The signing ceremony took place at KHC's headquarters in Riyadh, in the presence of Mohammad Turki Al-Otaibi, country manager Saudi Arabia, Samer Yamak, senior account manager, Rayan Al Rashid head of operations, Orange Business Services, Mohammed Al Eisa, Alinma assistant fund manager, Mounib Hammoud, CEO of JEC, Dr Hisham Jomah, CDO of JEC, and Fawaz Al Haraby, manager of Urban Planning - JEC.
Almaiman said: "We are confident that upon completion, Jeddah Tower will become one of the world's great tourist attractions as well as one of the most attractive places to live and work in the region, but most importantly, this project will create thousands of jobs spurring the local economy and we will spare no effort in using the top digital technologies for smarter living and working environment."
"The project aims to offer an advanced quality of life in a mixed-use environment; with residential apartments of different types, offices, retail leisure and entertainment, hotels and tourism attractions public and cultural amenities," said Hammoud.
Orange Business Services is working on a number of major smart city projects in Saudi Arabia. They include the King Abdullah Financial District (KAFD).
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| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| OSOUL | 217.00 | -9.00 (-3.99 |
| BAYANINV | 63.40 | -0.40 (-0.63 |
| GFC | 247.00 | 3.00 (1.22 |
| TADAWULGROUP | 170.00 | 1.90 (1.13 |
| SAUDIDARB | 3.14 | 0.01 (0.31 |
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P.O. Box 69410, Jeddah 11547, Saudi Arabia