|Sector||Real Estate Development|
Emaar Economic City leads the master-planning and real estate development in Saudi Arabia of the 168 million sq m King Abdullah Economic City (KAEC), a project being built on a pristine location off the Red Sea in the north of Jeddah. SAGIA (Saudi Arabian General Investment Authority), the body responsible for inward investments into the Kingdom, is the prime facilitator for KAEC. King Abdullah Economic City is a New Age City being built with a next generation view having six components- sea port, industrial valley, educational zone, central business district with commercial, mixed-use, retail outlets and financial island, resorts and residential area.
Being the master planner and real estate developer for the King Abdullah Economic City, the company is responsible for developing property, reclaimed lands in the special economic zone, including infrastructure facilities. The company will be responsible for promoting, marketing and selling plots of land under its ownership and third party ownership. The company will be responsible for building and marketing entire components of the project.
|Date Established||Sep 26, 2006|
|Listing Date||Oct 7, 2006|
|Paid-up Capital (SAR)||8,500,000,000|
|Shares Per Value||10|
24 North Bldg, P.O Box: 8299, Jeddah, Kingdom of Saudi Arabia.
+966 2615 9999
+966 2420 2866
Emaar, The Economic City (Emaar.E.C), established in September 2006, is a Saudi joint stock company managed by Emaar Properties PJSC, one of the world’s largest property developers, and a number of high profile investors from Saudi Arabia. Emaar.E.C has a share capital of SR8.5 billion consisting of 850 million shares of nominal value SR10 each. Thirty per cent of the equity, worth SR2.55 billion, was offered for public subscription
|H.E. Mohamed Ali Alabbar||Chairman|
|Mr. Abdullah Kamel||Vice Chairman|
|Mr. Fahad Bin Abdul Mohsin||Managing Director|
|H.E. Khalid Abdullah Al Molhem||Board of Directors|
|Mr. Ahmed Bin Jamal Jawa||Board of Directors|
|Mr. Mohammed Bin Yousif Naghi||Board of Directors|
|Dr. Faisal Al-Mubarak||Board of Directors|
|Eng. Abdullah Taibah||Board of Directors|
|Eng. Abdulraham Al-Rowaita||Board of Directors|