Construction & Real Estate

Emaar Economic City names new managing director

Saudi-based Emaar, The Economic City (Emaar EC) - the master developer of the kingdom's largest privately-funded new city, King Abdullah Economic City - has appointed Ahmed Yousef Boshnak as the company's new managing director.  
A real estate consortium, Emaar EC develops properties for multiple use or other developments, including infrastructure facilities. It also markets, plots, and sells properties.
In its filing to Saudi bourse Tadawul, Emaar EC said the decision was taken at its Board of Directors meeting held yesterday (January 12). 
The appointment is for a period of 6 months that can be extended for a similar period, it added.