Page 14 - KAEC PR REPORT - MARCH 2024

3/15/24, 11:09 AM EEC and the Mohamed Yousuf Naghi Group forge strategic partnership with land sales agreement - MAAAL NEWS
EEC and the Mohamed Yousuf Naghi Group forge strategic partnership with land sales
agreement

14 Mar 2024 Riyadh - Maaal

EEC and the Mohamed Yousuf Naghi Group forge strategic partnership with land sales agreement

Emaar, the Economic City (EEC), and Mohammed Yousuf Naghi Group (MYN GROUP) marked a

key milestone by signing a Land Sales Agreement recently at the King Abdullah Economic City
(KAEC) headquarters. During the signing ceremony, attended by key representatives, including Mr.
Mansour A. Al Salem, MD and BOD Member of EEC, Mr. Cyril Piaia, CEO of EEC, and Mr. Samir

R. Samara, Authorised General Manager, Executive Committee and Board Member of Arabian
Spare Parts & Maintenance Company (ARSAMCO), a MYN Group company, both parties signed

this agreement that reflects the growth of trust, strategic partnership and collaboration, aimed at
advancing the growth and development of King Abdullah Economic City.

The strategic investment move by the MYN Group is aimed at increasing their investments in
KAEC and underscores the rapid development and growth KAEC has witnessed, solidifying its

status as a prime destination for businesses and third-party developers.

Mr. Mansour A. Al Salem, MD and BOD Member of EEC, emphasised the strategic importance of
attracting third-party developers and investors to drive development at KAEC. “The agreement with

the MYN Group underscores our dedication to fortifying strategic partnerships with 3rd party

https://en.maaal.com/archives/202403/eec-and-the-mohamed-yousuf-naghi-group-forge-strategic-partnership-with-land-sales-agreement/ 1/2