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).
Emaar, The Economic City (Emaar EC) has announced that its CEO Abdulaziz Ibrahim Alnowaiser will be stepping down from his post effective October 31, due to professional commitments. Naif Saleh Al Hamdan, the company's current Vice Chairman has been named its Managing Director.
