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| Emaar Properties |
Emaar the Economic City (Emaar.E.C), a consortium led by Dubai realty giant Emaar Properties and a number of high profile Saudi investors, has secured the approval from the Capital Market Authority (CMA) of Saudi Arabia to be listed on the Tadawul on October 7, 2006.
Emaar.E.C is developing the King Abdullah Economic City, a 55 million sq m development, which will usher in a new era of economic prosperity to the Kingdom.
“The SR100 billion project ( Emaar Economic City) is inspired by the vision of vision of the Custodian of the Two Holy Mosques King Abdullah bin AbdulAziz AlSaud for his Kingdom and people,” said Mr Mohamed Ali Alabbar, Chairman, Emaar.E.C. Emaar the Economic City (Emaar.E.C) is a Saudi joint stock company headed by real estate major Emaar Properties PJSC and a number of high profile investors from Saudi Arabia.
(Press release)
