Page 44 - 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
Highways grid, making the city a key node along the Red Sea

economic corridor.

KAEC also offers a modern leisure and tourism district which includes

over 40km of pristine coastline, several hotels and the award-

winning Royal Greens international tournament golf course. In 2021,

the city welcomed over 1 million visitors, and has developed a range

of lifestyle residential communities for its growing population of

full-time residents and second home owners.

With its strategic location, advanced infrastructure and investor-

friendly regulation, KAEC is a ready-made platform for Saudi Arabia’s

Vision 2030 initiatives. The city serves as a testbed for new

government initiatives, has been host of pioneering national events,

and is a preferred site for large-scale, strategic projects across many

key sectors. A prime example of the country’s commitment to

private-public partnership, KAEC is actively contributing to national

objectives embodied in Vision 2030, from attracting foreign direct

investment to developing the tourism sector, promoting sports,

entertainment and the arts, creating new jobs, and growing non-oil

exports through companies operating in its Industrial Valley.

KAEC welcomes third party investors, real estate developers and

operators to realize their projects and ambitions in the city and

accelerate its development. Emaar, The Economic City (EEC) is the

master developer of the city and acts as the master planner, primary

infrastructure developer, enabler and facilitator of KAEC. EEC is a

Tadawul-listed public joint stock Saudi company established in 2006.

https://www.tradingview.com/news/reuters.com,2024-04-03:newsml_Zawb39D6R:0-pressr-emaar-the-economic-city-appoints-mr-abdulaziz-alnowaise… 4/5