King Abdullah Economic City (KAEC) has appointed Ayman Youssef Mansi as CEO of the Industrial Valley, succeeding former CEO Rayan Mostafa Qutub.

Fahd Al-Rasheed, managing director and group CEO, KAEC, said: “Ayman is a talented executive that we are proud to have nurtured at KAEC. He has achieved tangible success in the various projects he has managed, especially in driving public-private partnerships and offering innovative residential solutions during his role as head of residential development at KAEC.”

Mansi joined KAEC in 2008 as head of new business ventures. He was responsible for overseeing the development of the services offered by the city, as well as establishing a number of projects in the real estate brokerage, housing construction, facilities management, mortgage, and logistics sectors.

Previously he worked as director of corporate business development responsible for product development and strategic accounts management at KAEC. Prior to joining KAEC, he was a business planning officer at NCB.

“After almost 10 years of holding senior positions at KAEC, I am very pleased and honored to be appointed CEO of the Industrial Valley, where I look forward to taking up the challenge of building on my predecessor’s success,” said Mansi. “We are continuing to develop new phases of the Industrial Valley in line with Vision 2030. We are seeing growing demand for land and facilities in what has become recognized as a leading regional hub for manufacturing, warehousing and distribution.”

Mansi holds a master’s degree in business administration from Columbia University and a bachelor’s degree in industrial systems engineering from King Fahd University of Petroleum and Minerals. He is a graduate of Harvard University’s Real Estate Advanced Management Development Program and also participated in the Wharton Financial Management and Accounting Program. He holds Six Sigma Green Belt certification and is certified as a Project Management Professional by the Project Management Institute.

The Industrial Valley is a key driver of KAEC’s economy and the fastest growing logistics and light manufacturing hub in the region. Covering a total area of 55 million square meters, it has attracted more than 120 leading local and international companies that have chosen to establish manufacturing plants and logistics facilities there. The Industrial Valley is adjacent to King Abdullah Port, one of the 100 largest ports in the world.