AMTG to develop marina at KAEC.Arab News <p>JEDDAH: Emaar, The Economic City (Emaar.E.C), the Tadawul-listed company developing King Abdullah Economic City Wikipedia is not the place for advertisement or self-advertising. King Abdullah Economic City (Arabic: مدينة الملك عبدالله (KAEC KAEC King Abdullah Economic City (Saudi Arabia) KAEC Kentucky Association of Electric Cooperatives, Inc. ), on Tuesday signed a contract with Al-Ahlam Marine Tourism Group (AMTG) for a yacht yacht: see motorboating; sailing. yacht Sail- or motor-driven vessel used for racing or recreation. The term is popularly applied to large recreational engine-powered boats; the sailboats known as yachts and used for racing are usually light and club and marina Marina “a piece of virtue.” [Br. Lit.: Pericles] See : Virtuousness at KAEC. Fahd bin Abdul Mohsen Al-Rasheed, Board member and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Emaar.E.C, and Prince Abdullah bin Saud bin Mohammad Al-Saud, Board member of the Tourism Development Council in Jeddah and president of Al-Ahlam Marine Tourism Group, signed the initial contract. As per the agreement, AMTG will build, develop and operate a 23,000-square-meter yacht club and marina in the Bay la Sun Village, the first integrated residential community within KAEC. The marina will accommodate a wide range of yachts. It will be developed & operated by AMTG for 20 years. Al-Rasheed said: "Building a marina is a major factor in creating various investment channels within KAEC; the marina will represent a unique destination for water sports water sports Urophilia, see there practitioners in which it will add more value to the lives of residents and investors." Prince Abdullah said: "This significant investment will further establish KAEC as the up and coming resort destination in the Kingdom and will be one of the major lifestyle components for the city. The marina facilities will accommodate vessels with lengths from 10 to 50 meters. The Yacht Club will provide multiple dining venues, outdoor areas, and facilities to support different businesses within the marina. AMTG will undertake all aspects of water sports such as fishing, sailing and water-skiing as well as the organization of water sports contests in the marina. It will also offer parking for boats and a large range of rentals. Copyright: Arab News 2009 All rights reserved. Provided by Syndigate.info an Albawaba.com company |
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