Going beyond oil

4 of 4

Knowledge Economic City

Near Medina, it is slated to be "a hub of scientific research and development," filled with universities and hospitals. Knowledge Economic City has signed deals with several local and foreign companies, most recently Cisco and CompTIA, which will help build the area's communications infrastructure. KEC also hopes to appeal to tourists and to those who want to retire in what is considered the second most sacred city in Islam.

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Last updated August 12 2008: 10:14 AM ET

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