Page 23 - KAEC PR REPORT - MARCH 2024

3/14/24, 1:17 PM EEC and the Mohamed Yousuf Naghi Group forge strategic partnership with Land Sales Agreement | MENAFN.COM
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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