Saudi’s King Abdullah Economic City (KAEC) has signed a contract worth SAR32m to develop infrastructure in the fourth phase of the development, the Saudi Press Agency (SPA) reported on Sunday. The contract has been signed with Gulf Crete, a Saudi company specialised in contracting. The new phase, Sector D, is spread across 830,000 sqm and the land to be developed is located at the entrance of the Industrial Valley and near King Abdullah Port.