---
id: 2157
title: "King Abdullah Economic City (KAEC) wins CFI.co Award: Best Infrastructure Development for Economic Growth in The Middle East"
award_year: 2015
published: 2015-04-13 14:23:15
published_gmt: 2015-04-13 14:23:15
author: "CFI.co Editorial"
url: "https://cfi.co/awards/middle-east/2015/king-abdullah-economic-city-kaec-wins-cfi-co-award-best-infrastructure-development-for-economic-growth-in-the-middle-east-2015/"
categories: ["Development", "Middle East"]
content_class: award_rationale
independence_status: independent_editorial
sponsor_disclosure: none
editorial_lens: constructive_positive_lens
historical_status: current_at_publication
correction_status: none
archive_policy: no_delete
provenance_layer: github_versioned
wayback_status: archived
wayback_first_snapshot: 20160505062716
wayback_snapshot_url: "http://web.archive.org/web/20160505062716/http://cfi.co/awards/middle-east/2015/king-abdullah-economic-city-kaec-wins-cfi-co-award-best-infrastructure-development-for-economic-growth-in-the-middle-east-2015/"
license: CFI-OAAL-1.0
content_sha256: c0a45b2cfb66efa9fa1cc2781a16a675ac8d1ab07d09246f5aaf5f12a264eb41
canonical: 2157-king-abdullah-economic-city-kaec-wins-cfi-co-award-best-infrastructure-developme.json
---

# King Abdullah Economic City (KAEC) wins CFI.co Award: Best Infrastructure Development for Economic Growth in The Middle East

> Verbatim archived copy. Canonical machine record: `2157-king-abdullah-economic-city-kaec-wins-cfi-co-award-best-infrastructure-developme.json`.

[caption id="attachment_2159" align="aligncenter" width="680"]<img class="size-full wp-image-2159" src="https://cfi.co/awards/wp-content/uploads/2015/04/ksa.jpg" alt="Rowan Kelly on behalf of Fahd Al Rasheed" width="680" height="453" /> Rowan Kelly on behalf of Fahd Al Rasheed[/caption]
<p style="text-align: justify;"><strong>This prize comes in recognition of KAEC’s bold investment strategy, the outstanding accomplishments of the organisation to date and the sterling development work now taking place.</strong></p>
<p style="text-align: justify;">CFI.co believes that the necessary steps have been taken by KAEC to create the appropriate infrastructure by building this important new destination in the Middle East on solid, world-class foundations. This will truly be a new Saudi city for the world and a new world city for Saudi Arabia. The master developer of KAEC is Emaar Properties, a real estate development company headquartered in the UAE with a presence in 36 markets throughout the world.</p>
<p style="text-align: justify;">Rowan Kelly from KAEC received the award from CFI.co on behalf of Fahd Al Rasheed (CEO), whose outstanding leadership is bringing to life this amazingly ambitious smart city project that will certainly set new standards in sustainability, economic well-being and quality lifestyle.</p>