Page 29 - KAEC PR REPORT - MARCH 2024

3/13/24, 11:20 AM EEC and the Mohamed Yousuf Naghi Group forge strategic partnership with 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.

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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.”

-Ends-

SAUDI
ARABIA

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