Emaar EC signs land sale deal with Mohamed Yousuf Naghi Group

12/03/2024 Argaam
The signing ceremony

The signing ceremony

Emaar The Economic City (Emaar EC), the master developer of King Abdullah Economic City (KAEC), announced the signing of a land sale agreement with Mohammed Yousuf Naghi & Brothers Group.

 

The signing ceremony was held at KAEC's main headquarters, in the presence of senior officials from both sides, Emaar EC said in a statement.

 

This strategic step embodies KAEC's growing status as a leading destination for investments, companies and external developers. It also reflects Mohamed Yousuf Naghi Group’s keenness to spur its investments in the new city, it added.

 

For its part, Mohammed Yousuf Naghi Group stated that its increased investment in KAEC stems from its confidence in the city's enormous potential, in light of the rapid development it is witnessing.

 

The two companies did not disclose the size or value of the lands subject matter of the deal.

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