Tuesday, 24 November 2009 | 17:16 UAE time
COMPANIES
Emaar The Economic City
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COMPANY DESCRIPTION
The master developer for KAC will be Emaar The Economic City, a publicly funded corporation which will bring to the project the combined expertise of the Saudi Arabian General Investment Authority (SAGIA) and Emaar Properties.King Abdullah City is expected to grow steadily over a number of years. This growth however will be streamlined in accordance with a comprehensive master plan, which at present encompasses some 168 million square metres of land. KAC consists of six components: the Seaport, the Industrial Zone, the Educational Zone, the Central Business District (including the Financial Island), the Residential District and the Resorts.
KEY INFORMATION
Industry
Landlord and Developers
Address
Prince Sultan Street, 8299, Jeddah, Saudi Arabia
T
966 2 6159999
F
966 2 4202866
E
-
W
COMPANY OVERVIEW
| Ownership | Type | Established on | Employees |
|---|---|---|---|
| Public | Joint stock | 26 September 2006 | - |
MAJOR SHAREHOLDERS
| Name | Country | ||
|---|---|---|---|
| Emaar Middle East | companies | 5.8 | Saudi Arabia |
| Dayem Al Hadeethah LiEdarat Al Aqarat Company | companies | 20 | Saudi Arabia |
| ME Royal Capital | companies | 9.4 | Saudi Arabia |
| ME Strategic Investments | companies | 5.8 | Saudi Arabia |
| ME Holdings | companies | 5.8 | Saudi Arabia |
OFFICERS
| BOARD OF DIRECTORS | Position |
|---|---|
| Mohammed Bin Ali Rashid Al Abbar | Chairman |
| Abdullah Saleh Kamel | Vice Chairman |
| Khalid Abdullah Al Molhem | Board Member |
| Mohamed Bin Yousuf Bin Mohamed Al Naghi | Board Member |
| Abdulrahman Ibrahim Al Rowaitie | Board Member |
| Ahmad Jamal Jawa | Board Member |
| Mohamed Ahmed Zainal Yousuf Alireza | Board Member |
| Fahd Abdulmohsn Al Rasheed | Board Member |
| Ahmed Sulaiman Banaja | Board Member |
| MANAGEMENT | Position |
| Fahd Abdulmohsn Al Rasheed | Chief Executive Officer |
| Dirk Backhaus | Chief Financial Officer |
| Joseph Kilar | Chief Operating Officer |
| Sami Al Halabi | Acting Executive Director - Commercial Affairs |
| Imad Hashem | Senior Director - Communications and External Relations |
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