Fahad Al-Rasheed, Managing Director and CEO of King Abdullah Economic City, revealed that 97 companies have been attracted to King Abdullah Economic City and the number of companies investing in the industrial valley is expected to reach 120 companies by the end of this year, including ten companies that have started actual operation and 27 companies that will open their projects on the ground by the end of 2016 and the beginning of 2017 to launch the industrial valley in King Abdullah Economic City.

Fahad Al-Rasheed, Managing Director and CEO of King Abdullah Economic City. Fahad Al-Rasheed, Managing Director and CEO of King Abdullah Economic City, expressed their happiness with the economic city's partnerships with major national and international companies, pointing out that the economic city will be a new starting point for the company's business because of the city's infrastructure of advanced international standards and public services in the style of the largest economic cities around the world.

Fahad Al-Rasheed, Managing Director and CEO of King Abdullah Economic City during the launch of a special center for “Ikea” in the city. Al-Rasheed explained that there are many projects launched by the city, including residential projects to serve investors and residents of the city, where more than six thousand housing units are available today, which will be completed in 2016, after which a new cycle of real estate development will begin to provide more housing services.