Jeddah Economic Company

Founded in 2009, Jeddah Economic Company Ltd. (JEC) is the result of a massive joint venture among real estate and development giants. This alliance is composed of Kingdom Holding Company, of which it holds a substantial interest, Abrar Holding Company, Qila’a Jeddah Company, and Saudi Bin Laden Group, in which it is the primary contractor. The said are the main financiers of the Kingdom City Project. With their combined financier status, this alliance of conglomerates has a staggering investment reaching $20 Billion (75 Billion SAR).