Prince Alwaleed bin Talal, chairman of Kingdom Holding Company ( KHC ), headed the fifth board of directors meeting of Jeddah Economic Company (JEC) in Riyadh with the board members.

The board members are Abdulrahman Hassan Sharbatly, Saleh Bin Laden, Samaual Bakhsh, Talal Almaiman, executive director development and domestic investments, chairman and CEO of Kingdom Real Estate Development Company (KRED), a board member of Kingdom Holding Company and Jeddah Economic Company (JEC) and Hassan Sharbatly.

The meeting was also attended by Mohamed Fahmy, Kingdom Holding Company ‘s CFO and Fahad bin Saad bin Nafel, executive assistant to the chairman.

During the meeting, Talal Al-Maiman updated the board about the latest developments relating to agreements of operating the tallest tower which will be more than 1,000 meters high with value of SR4.6 billion.

Mounib Hammoud, CEO, Jeddah Economic Company (JEC), briefed the board about the status of the project and presented them with the progress of infrastructure and services for the project including electricity, water and district cooling. More info