JEDDAH, 22 May 2007 — Emaar, The Economic City (Emaar.E.C), a Tadawul-listed company and developer of the single largest private-sector led project in the region, King Abdullah Economic City (KAEC), welcomed a French business delegation to the project site recently.
Ahmed Linjawy, executive director, External Relations and Human Resources, Emaar.E.C, briefed the delegation, led by the French Ambassador to Saudi Arabia Charles Henri D’Aragon and comprising high-profile French entrepreneurs, on the progress made on the project. Linjawy explained the investment options available on KAEC’s six key components — the Sea Port, Industrial Zone, Central Business District (including the Financial District), Resort District, Educational Zone and Residential Communities.
Following the tour, D’Aragon said: “KAEC, even in these initial stages of construction, surpasses all expectations that were formed from the initial presentations made by Saudi Arabian General Investment Authority (SAGIA). The project presents a unique investment opportunity for French entrepreneurs, who can add value to KAEC in sectors such as water, electricity and technology, in which they have proven expertise.”
