Emaar The Economic City

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Recent Articles

• Saudi Emaar cuts company losses by 65% in Q321 October 2009

  Developer of King Abdullah Economic City still loses $16.9m due to project delays.

• Marina, yacht club deal signed for Saudi mega project16 September 2009

  Emaar inks agreement for 23,000 sq m project for King Abdullah Economic City.

• Saudi Emaar in JV with Binladin to develop Red Sea port7 September 2009

  News follows decision earlier Monday to cancel $373m towers deal with Binladin Group.

• Saudi Emaar cancels $373m contract7 September 2009

  King Abdullah Economic City developer says reviewing project after drop in costs.

• Sanofil-Aventis signs-up to King Abdullah project19 April 2009

  Global drugmaker earmarks new entity for King Abdullah Economic City.

• Saudi construction to contract by 0.7% this year - report4 April 2009

  Business Monitor International predicts positive growth will not return until 2013.

• Landlocked Saudi economic city to get seaport24 January 2009

  Despite being landlocked the King Abdullah Economic City (KAEC) is inviting bids to begin construction on a seaport in the new city.

• Company wins water deal for Saudi mega project19 January 2009

  Local company secures $52 million contract to supply water to King Abdullah Economic City.  

• Saudi reveals design plans for mega-port17 January 2009

  The Red Sea port is part of the King Abdullah Economic City, which will create 500,000 new jobs.

• Saudi's flagship economic city facing delays22 December 2008

  First deliveries of homes and business units at KAEC running behind schedule, Emaar says.

• KAEC will be delivered on schedule: Emaar19 December 2008

  CEO of Saudi subsidiary says global economic downturn will not impact timetable.

• Emaar awards $44mn KAEC deal9 November 2008

  Nesma Holding contracted to develop infrastructure at Zone B within King Abdullah Economic City.

• Emaar to delay Saudi economic city - report1 November 2008

  Saudi unit prioritising some developments within KAEC as credit crunch bites.

• Orange wins Saudi economic city consulting deal22 October 2008

  GITEX: France Telecom arm to advise on design of KAEC's telecoms infrastructure.

• Oil prices 'will protect Saudi real estate sector'7 October 2008

  Head of Emaar's Saudi unit says kingdom is 'more immune' to the global credit crunch.

• Emaar awards $53mn Saudi deal29 September 2008

  Saudi-based CEMCCO wins contract to develop infrastructure within King Abdullah Economic City.

• Siemens wins $147mn Saudi deal21 September 2008

  German firm to set up power transportation and distribution infrastructure at King Abdullah Economic City.

• Emaar Economic City Q2 loss rockets nine-fold21 July 2008

  Developer posts net loss of $10.8mn as King Abdullah Economic City development continues.

• King Abdullah City urban model for Saudi 16 July 2008

  City to be 'model community' for a country with poor planning, infrastructure.

• UK building industry worth four times less than Emaar4 July 2008

  Stock market rout means four largest building firms are now worth a mere $4.3bn.

• Emaar teams with US firm on $2bn Saudi project1 July 2008

  Companies to build 20-hectare mixed-used project in flagship economic city.

• $34.7bn invested so far in Saudi economic city10 June 2008

  Figure for investment in King Abdullah Economic City much higher than previous estimates.

• DP World inks Saudi economic city deal5 April 2008

  Dubai ports operator to develop and run Red Sea's largest port at King Abdullah Economic City.