SEE Holding, the sustainability-focused group behind The Sustainable Metropolis model, has signed a memorandum of understanding (MoU) with King Abdullah Financial Metropolis (KAEC) to discover the event of sustainable, mixed-use communities throughout the metropolis.
The settlement, signed by Dr Muawieh Radaideh, Group CEO of SEE Holding, and Abdulaziz Al Nowaiser, CEO of Emaar, The Financial Metropolis (EEC), the grasp developer of KAEC, befell throughout Cityscape World in Riyadh.
The partnership marks a significant step in the direction of increasing sustainable city dwelling inside certainly one of Saudi Arabia’s flagship giga tasks.
SEE Holding, KAEC associate on sustainable communities
Beneath the MoU, SEE Holding and KAEC will collaborate on introducing The Sustainable Metropolis mannequin to the Pink Sea hub. The proposed neighborhood will combine residential, industrial, and neighborhood areas, designed to cut back environmental impression whereas enhancing high quality of life.
The event will embrace native meals manufacturing, clear vitality technology, superior waste and water administration, and sensible mobility methods, all geared toward selling self-sufficiency and sustainability.
Eng. Faris Saeed, Founder and Chairman of SEE Holding, stated: “We imagine that the profitable replication and fast development of sustainable developments worldwide require sturdy partnerships and collaborations amongst like-minded stakeholders.
“Saudi Arabia represents some of the dynamic markets for sustainable city innovation. Our partnership with KAEC will contribute to a nationwide transformation that advances high quality of life, drives financial diversification, and accelerates progress towards Imaginative and prescient 2030.”
Abdulaziz Al Nowaiser, CEO of EEC, added: “This partnership marks the subsequent step in KAEC’s journey to develop into a thriving, future-ready metropolis. By working with SEE Holding, we’re accelerating the event of sustainable communities that improve high quality of life, entice funding, and create new alternatives.”
SEE Holding has greater than 20 years of expertise in sustainable improvement, with The Sustainable Metropolis mannequin efficiently applied in Dubai, Sharjah, Abu Dhabi, and Muscat (Yiti).
Recognised globally as a benchmark for low-carbon, future-ready communities, the mannequin promotes clear vitality, city farming, waste recycling, and sustainable mobility, supporting nationwide and world local weather targets together with the Paris Settlement targets for 2050.
