EMAAR, one of the world’s largest real estate developers, has decided to use Propertybase to market their US $27 billion King Abdullah Economic City Project in Saudi Arabia. The company selected Propertybase for its ease of use, powerful real-estate features, and immediate availability.
About King Abdullah Economic City
Emaar the Economic City, a consortium headed by Emaar and a number of high profile investors from Saudi Arabia, develops the SR100 billion (US $27 billion) King Abdullah Economic City. KAEC is the largest private-sector initiative in the Kingdom of Saudi Arabia.
The City will be a mixed-use development located north of the commercial hub of Jeddah to ensure easy access from the Holy Cities of Makkah and Madina. A massive 55 million square meters of greenfield land with a 35 km shoreline close to the industrial city of Rabegh has been earmarked for the master development. The City will have six distinct components—a modern world-class Seaport, Industrial District, Financial Island, Education Zone, Resorts and The Residential Area.
Emaar Properties PJSC is one of the world’s largest real estate companies and is rapidly evolving to become a global provider of premier lifestyles. A Dubai-based Public Joint Stock Company, Emaar is listed on the Dubai Financial Market and is part of the Dow Jones Arabia Titans Index. Emaar has highlighted the remarkable global growth of the company by debuting on the 2007 Financial Times Global 500 ranking, which provides an annual snapshot of the world’s largest companies.
With six business segments and more than 60 active companies, Emaar has a collective presence in over 36 markets spanning the Middle East, North Africa, Pan-Asia, Europe and North America. The company has established operations in the United Arab Emirates, Saudi Arabia, Syria, Jordan, Lebanon, Egypt, Morocco, Algeria, Libya, India, Pakistan, Turkey, Indonesia, USA, Canada and United Kingdom.