Page 43 - KAEC PR REPORT - APRIL 2024

4/12/24, 12:58 PM PRESSR: Emaar, the Economic City appoints Mr. Abdulaziz Alnowaiser as CEO, effective 1st May 2024 — TradingView News
strategy. His leadership skills and diverse professional experience are

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

new CEO."

The Board of Directors expresses its profound gratitude to Eng. Piaia

for his outstanding leadership and contribution to ECC and KAEC,

and is confident that Mr. Alnowaiser will build on this solid

foundation to propel the Company forward.

About King Abdullah Economic City

King Abdullah Economic City (KAEC) is an emerging destination

centrally located on the Red Sea coast of Saudi Arabia. Located a

short distance north of Jeddah, KAEC is a 185 square kilometer city

anchored by King Abdullah Port—recently named by the World Bank

as the most efficient port in the world—and KAEC Industrial Valley,

which is focused on logistics and light manufacturing. Over 100

multinational and Saudi companies have already made their home in

KAEC, engaging in diverse activities ranging from advanced logistics

to automotive, pharmaceuticals, FMCG, packaging, and building

materials manufacturing. KAEC is directly connected to the

Haramain high speed railway network and the Saudi National

https://www.tradingview.com/news/reuters.com,2024-04-03:newsml_Zawb39D6R:0-pressr-emaar-the-economic-city-appoints-mr-abdulaziz-alnowaise… 3/5