i spoke with fahd al rasheed the kaec ceo, about it. fahd: it has been in the works for nine years.t year, we will have the largest port in the red sea. it will be the largest private port in the world. we have the largest developer in terms of residential units. we wanted to be the most innovative. emily: $100 billion to complete this city. it may be larger than washington, d.c. by the time it is done. how do you ensure that this place is going to be the future? fahd: we want to make sure that the 2 million people live there are going to be engaged. we want to give them applications that enable them to help us run it and keep the streets clean. emily: we are talking about housing and health care. how do you prioritize? fahd: it's not about the technology, that is the enabler for the resident. the idea is simple. you will be able to manage things. we are going to introduce smart applications into the home to let you know how much energy you are using. we are talking to everyone in silicon valley. emily: like who? fahd: i can't tell you. emily: what do you want silicon valley? fahd:

is building a massive high-tech city on his red sea coast called the king abdulla economic city or kaecant to attract foreign investment and create jobs. 80 companies have already agreed to lease land. how could silicon valley play a role in this industrial development in the desert? the ceo is in town this week meeting with silicon valley companies. he joins me in the studio. first of all, what is this city and how long has it been in development? fahd: we are the largest developer in terms of sales in the country. the ideas to make it smarter. we wanted to emily: be the most innovative place on earth. emily:$100 billion to complete the city in a may be larger than washington, d.c. by the time it's done. how do you ensure that this place will be the future? fahd: we want to make sure that the 2 million people who live there will be most engaged. the idea is to give them applications that will enable them to help us run the city and keep the streets clean and it secure. emily: we are talking that housing, health care transportation -- how do you pray toward ties? -- how do you prioritiz

kaec: we want to make sure that the 2 million people live there are going to be engaged.o give them applications that enable them to help us run it and keep the streets clean. emily: we are talking about housing and health care. how do you prioritize? fahd: it's not about the technology, that is the enabler for the resident. the idea is simple. you will be able to manage things. we are going to introduce smart applications into the home to let you know how much energy you are using. we are talking to everyone in silicon valley. emily: like who? fahd: i can't tell you. emily: what do you want silicon valley? fahd: there is the network and the applications that will run the hardware. that is why i am saying that the small companies are as important as the big ones. we can actually scale. we have 400,000 units that are going to be built. we can actually scale them. emily: when is this going to be completed? fahd: you never complete a city it is always renewing, but by 2035, think we be 2 million people. 3000 people have moved in. by the end of year it will be 10,000. emily: