Page 21 - KAEC PR REPORT - MARCH 2024

3/14/24, 1:17 PM EEC And Mohamed Yousuf Naghi Group Sign Land Sales Agreement
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 investors that contribute to
sustainable economic growth and development within KAEC. We are optimistic about the potential

opportunities that this collaboration will unveil. As KAEC continues its path of sustained development within
Vision 2030, such partnerships reflect the combined efforts that foster economic progress and prosperity in Saudi
Arabia.” he added.

Mr. Samir Samara, Authorised Representative of the MYN Group, said: “We are delighted to sign this agreement

and have our utmost confidence in KAEC. We believe that KAEC has immense potential in light of its rapid
development, which led us to increase our investments in the city. We believe that this move will open up new

avenues for mutual collaborations and will present opportunities for contributing to drive the region’s economy.”

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