Prince Alwaleed during a tour of the Kingdom Tower site.
Jeddah Economic Company names new CEO
Jeddah, December 4, 2013
Jeddah Economic Company (JEC), chaired by Kingdom Holding Company chief Saudi Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, has appointed Mounib Hammoud as the company's new chief executive officer.
Hammoud has more than 20 years of experience in urban planning and real estate development in the Mena region. He has also held various executive positions at Solidere and Solidere International where he played a pivotal role in their success.
Hammoud joins JEC at an important stage of its operation as he will be leading the company to achieve its goals, especially in developing an integrated modern city that includes the Kingdom Tower, tallest tower in the world (more than 1000 meters high), which will give Jeddah and Saudi Arabia a unique modern landmark of a world class standard, said a company statement.
On the project work progress, the new JEC chief said the piling works for the Kingdom Tower had been completed.
Talal Al Maiman, the executive director (Development and Domestic Investments) KHC, chairman and CEO of Kingdom Real Estate Development Company (KRED), a board member of KHC and a board member of JEC, said, "Hammoud joins us at an important stage of the project where we trust that he will lead this stage and continue the journey in line with the vision of Prince Alwaleed and our partners in JEC”.
“JEC will enter a new and thriving era and it will play a pre-eminent role in developing the real estate sector in Saudi Arabia and, more specifically, in Jeddah,” he added.-TradeArabia News Service