Page 25 - KAEC PR REPORT - APRIL 2024

4/12/24, 12:56 PM Abdulaziz Alnowaiser Appointed CEO Of Emaar, the Economic City - INTLBM

Fahad AlSaif, Chairman of EEC

Mr. Fahad AlSaif, Chairman of EEC, commented, “The appointment of Mr. Alnowaiser as CEO is an important moment for both EEC an
KAEC as we pursue the implementation of our ambitious long-term strategy. His leadership skills and diverse professional experience a
precisely the attributes EEC and KAEC require to achieve their operational, financial, and strategic goals, and we are certain that his
forward-thinking approach will drive meaningful progress for our development projects. We would like to thank Eng. Cyril Piaia for his
commitment and success in the role of CEO over the years, and we are delighted that he will remain with us to continue to advise our n
CEO.”

Industry sources added that Mr. Alnowaiser will be mandated by the Board to bring strategic insight to EEC and KAEC’s long-term plan
fostering innovation and sustainable development across the organization and the City.

With more than two decades of Board-level and executive experience, his most recent role was the CEO of Tahakom Investments Co.,
wholly-owned Company of the Public Investment Fund with several subsidiaries across different sectors including technology, aviation,

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