Emaar The Economic City Overview
Pro stress-test →Emaar The Economic City is the master developer of King Abdullah Economic City (KAEC), one of the world's largest privately-run city development projects spanning 185 million square meters on the Red Sea coast north of Jeddah. The company operates across residential, industrial, hospitality, education, and city operations segments, serving as a key enabler of Saudi Arabia's Vision 2030 diversification objectives.
Strategic Profile
Pro stress-test →KAEC positions itself as an integrated destination for attracting advanced industries, logistics, foreign direct investment, and tourism while enhancing education, housing, and leisure amenities. The city benefits from strategic connectivity via the Haramain high-speed railway and Saudi National Highways, establishing it as a key node along the Red Sea economic corridor.
Competitive Landscape
Pro stress-test →Emaar competes with other major Saudi real estate developers and economic zone operators in the economic city development and real estate sectors. Key competitors include private developers and government-backed projects pursuing Vision 2030 infrastructure mandates.
Industry Context
Emaar The Economic City operates in Real Estate Development and Economic Zone Management.
Key facts
Founded: 2006 · Headquarters: Jeddah, Saudi Arabia · Employees: 120 · Market cap: $2.25B