The House of ITC Growth:
The Information Technology and Communication Complex (ITCC)
A Saudi Silicon Valley -the Information Technology and Communications Complex (ITCC) -is currently under construction in Riyadh aiming to attract high-tech companies and develop local know-how and skills. “ICT knowledge is the most valuable commodity in the modern economy,” states the presentation sheet of the project, which is intended to provide a unique environment designed to make the sector more attractive to Saudi graduates. Developed by the Public Pension Agency (PPA) through its real estate developing arm, the Rayadah Investment Company (RIC), the ITCC will be the size of a small city, occupying an area of 800,447m² and comprising business, housing and leisure facilities. Modelled on California's original Silicon Valley, the ITCC's philosophy is to mix business with leisure in a pleasant work environment situated among lakes and parks with walking trails among the green, which will take up some 25% of the total land area. The complex will focus on research and development (R&D) and offer institutions of higher education. It is hoped to act as a magnet attracting active international investment, with the long-term strategy of contributing to the diversification of the economic base and the development of the labour force.
The heart of the city will be formed by the green and open recreational area with restaurants, shops and cafes, around which the workplaces and educational facilities will be grouped. The complex further features four twenty-story towers allocated to multinational companies surrounding an 'Oasis of Knowledge' bordering the recreational area. All buildings are constructed according to a 'smart' design providing fully integrated up-to-date ICT connectivity and services including electronic libraries. The complex also features an administrative complex providing all government services required by investors including visas, work permits, etc. Clinics, a civil defence station, health clubs, nurseries, a mosque, a five-star conference hotel and a residential area complete the project. Currently, the infrastructure works have been completed and construction of the actual buildings is underway.
Our latest investment report on Kuwait was recently published in one of the leading Spanish dailies, ABC. FindMe in Kuwait explores the economic perspectives of Kuwait and the country´s future plans to compete with its fast developing neighbours. Once the leading country of the Gulf, Kuwait has remained silent for the past decade. And although many would like to see faster changes, Kuwait is moving, at its pace, to them. Inexorably. Learn about who is who in Kuwait and read what the leaders say about their own future in our upcoming release: FindMe in Kuwait Mobile app.
Stay tuned - Stay Ahead
Global Gulf Consulting has concluded its latest production on Bahrain, FindMe in Bahrain giving the country a fresh approach after a couple of difficult years of local demonstrations that matched the global recession. Bahrain is a small island in the Arabian Gulf with an incredible potential for logistics, industries and tourism. FindMe in Bahrain was supported by both the public and private sector of Bahrain. Banagas, Nass Corporation, BBK and DHL were GGC strategic partners in the development of the series among others.
FindMe in Bahrain is available at the local bookstores Jashamal and online as well as in the Apple Store. It is a full business leisure and business guide for any investor or visitor interested in traveling to Bahrain or for those that already live there.
FindMe in Saudi offers a multi-faceted overview combining business and leisure, economy and heritage. The book aims to capture the current development of Saudi Arabia in the words of the people who live and work there. It is an authoritative source of information for investors, businessmen and travellers produced to firmly position KSA as an attractive investment destination.
In contains general information about the country´ economic performance and who is who as a sectorial overview and a leisure guide.
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