Page 30 - KAEC PR REPORT - MARCH 2024

EEC and the Mohamed Yousuf

Naghi Group forge strategic

partnership with Land Sales

Agreement

March 12, 2024
10

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

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