PHOTO
KING ABDULLAH ECONOMIC CITY: King Abdullah Economic City (KAEC) has appointed Eng. Ayman Youssef Mansi as CEO of the Industrial Valley, succeeding former CEO Rayan Mostafa Qutub.
Mr. Fahd Al-Rasheed, Managing Director and Group CEO, King Abdullah Economic City, said “Ayman is a talented executive that we are proud to have nurtured at KAEC. He has achieved tangible success in the various projects he has managed, especially in driving public-private partnerships and offering innovative residential solutions during his role as Head of Residential Development at KAEC.”
Eng. Mansi joined KAEC in 2008 as Head of New Business Ventures. He was responsible for overseeing the development of the services offered by the city, as well as establishing a number of projects in the real estate brokerage, housing construction, facilities management, mortgage, and logistics sectors.
Previously he worked as Director of Corporate Business Development responsible for product development and strategic accounts management at King Abdullah Economic City. Prior to joining KAEC, he was a Business Planning Officer at NCB.
“After almost ten years of holding senior positions at KAEC, I am very pleased and honored to be appointed CEO of the Industrial Valley, where I look forward to taking up the challenge of building on my predecessor’s success,’ said Eng. Mansi. “We are continuing to develop new phases of the Industrial Valley in line with Vision 2030. We are seeing growing demand for land and facilities in what has become recognized as a leading regional hub for manufacturing, warehousing and distribution.”
Eng. Mansi holds a Master’s degree in Business Administration from Columbia University and a Bachelor’s degree in Industrial Systems Engineering from King Fahd University of Petroleum and Minerals. He is a graduate of Harvard University’s Real Estate Advanced Management Development Program and also participated in the Wharton Financial Management and Accounting Program. He holds Six Sigma Green Belt certification and is certified as a Project Management Professional by the Project Management Institute.
The Industrial Valley is a key driver of KAEC’s economy and the hfastes growing logistics and light manufacturing hub in the region. Covering a total area of 55 million square meters, it has attracted more than 120 leading local and international companies that have chosen to establish manufacturing plants and logistics facilities there. The Industrial Valley is adjacent to King Abdullah Port, one of the 100 largest ports in the world, and connected to a transportation network that provides access to the entire GCC as well as a Red Sea market of more than 620 million people.
The Industrial Valley focuses on high growth, non-oil industries including pharmaceuticals, food and consumer goods, logistics, building materials and automotive. Land plots are equipped with state-of-the-art infrastructure and public services including electricity, drinking water, a sewage system, a rainwater drainage network and natural gas. The Industrial Valley is also connected to KAEC’s city-wide fiber optic data network to meet the demands of modern technology and rapid data transfer.
-Ends-
About King Abdullah Economic City
King Abdullah Economic City (KAEC) is the largest privately-funded new city in the world. Situated on the west coast of the Kingdom of Saudi Arabia, KAEC covers an area of 181 square kilometers of land, approximately the size of Washington DC. KAEC comprises King Abdullah Port, the Coastal Communities residential districts, the Industrial Valley and the Hejaz district, which includes the Haramain high speed rail station. The city is under development by Emaar, The Economic City, a publicly listed Saudi joint-stock company established in 2006.
