Thursday, November 22, 2007

Emaar, Saudi Bin Laden Group Partnership

Friday, 05 October 2007
By Adel Al-Malki

Emaar, The Economic City (Emaar.E.C), has signed a SR129 million contract with the Saudi Bin Laden Group to build a 13-kilometer road from the King Abdullah Economic City (KAEC) main gate to the Bay La Sun Village, a residential community within KAEC. Dr. Abdulraouf Mannaa, managing director of Emaar.E.C, signed the contract with Engr. Omar Bin Laden, Chief Executive Officer of the Saudi Binladen Group.
The road will be finished in seven months, a company statement noted.
KAEC is the single largest private sector-led project with six key components: the seaport, the industrial zone, the central business district, the resort district, the educational zone and the residential Communities.
Work is progressing according to schedule on the various zones while industrial and residential areas have already been opened for investors.

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