Page 32 - KAEC PR REPORT - MARCH 2024

3/13/24, 11:21 AM Latest News

EEC and the Mohamed Yousuf Naghi Group

forge strategic partnership with Land Sales

Agreement

13/03/2024

12 March 2024 –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

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