Kaec

Construction & Real Estate

Top firms in deal to invest in KAEC tourism, lifestyle projects

Wed, 04 Feb 2026

K Hovnanian ME Investments (KHME), a subsidiary of Hovnanian Enterprises, and the majority shareholder of Al Tahaluf Real Estate Company, CJSC, has signed an MoU with Saudi Arabia’s Tourism Development Fund (TDF) and Emaar, The Economic City (EEC) to enable high-quality tourism investment and lifestyle-focused residential opportunities in King Abdullah Economic City (KAEC).

Industry, Logistics & Shipping

FPI Gulf to manufacture automotive parts at KAEC’s Masarat Mobility Park

Tue, 10 Feb 2026

Masarat Mobility Park has signed a development lease agreement with Fortune Parts Industry Gulf (FPI Gulf), a joint venture between Thailand based FPI Group and local partner Fuel Autoparts Company.