Emaar, the Economic City (EEC) is a Saudi joint-stock company established on September 26, 2006, and listed on Tadawul, with 25% ownership by the Public Investment Fund (PIF). The company serves as master developer, primary infrastructure developer, and facilitator of King Abdullah Economic City (KAEC), a strategic economic hub on Saudi Arabia's Red Sea coast.
KAEC spans 185 square kilometers and is anchored by King Abdullah Port—named by the World Bank as the most efficient port in the world—and KAEC Industrial Valley, focused on logistics and light manufacturing. Over 100 multinational and Saudi companies operate in KAEC across diverse sectors. EEC is headquartered in King Abdullah Economic City with approximately 120-500 employees and operates across residential, industrial development, hospitality, education, and city operations segments. TTM revenue is $148 million.
Recent Leadership
Abdulaziz Ibrahim Alnowaiser was appointed CEO effective May 1, 2024, bringing more than two decades of experience in turnaround, finance, and corporate governance from roles including CEO of Tahakom Investments Co.
Facts compiled by Executive Moves from publicly available news and press releases on 13 September 2026. Spotted an inaccuracy? Email us and we'll review within 1 business day.
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