$2.9bn mixed-use development planned for Rabigh.
A memorandum of understanding for the project has been signed between Gammon Group chairman Mohammed Rafique and former Rabigh Governor Mohammed Barakah Ismail Al-Ghnami.
Under this agreement, the Gammon Group will design plan, finance and build a complete new city, which will include hospitals, schools, residential villas, parks, playing areas, industrial areas, mosques and warehouses, as well as a petchem plant and a tyre factory.
The project will create jobs for over 3,000 Saudi nationals, said Al-Ghnami. This new city development will include a complete modern medical city to cater for the growing population.
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