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Emaar Economic City, a big Saudi real estate firm, has started operations at the country's first privately owned port and will more than triple investment in the facility over the next five years, the company's chief executive said.Emaar Economic City, a consortium headed by Dubai's Emaar Properties and Saudi investors, is focused on building the King Abdullah Economic City, a special economic zone up Saudi Arabia's Red Sea coast from Jeddah.King Abdullah Economic City's port, which began operating on Jan. 6, has the potential to become a global logistics hub, handling trade for the entire region, Rasheed said.An industrial zone attached to King Abdullah Economic City is expected to be completed by 2020 .
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