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3/13/24, 11:21 AM  PRESSR: EEC and the Mohamed Yousuf Naghi Group forge strategic partnership with land sales agreement — TradingVie…
        PRESSR: EEC and the




        Mohamed Yousuf Naghi Group



        forge strategic partnership



        with land sales agreement






        Mar 12, 202416:43 GMT+4





        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
        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


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