Emaar The Economic City engages in the development of real estate properties in the economic or other zones in the Kingdom of Saudi Arabia. It operates in five segments: Residential Business, Industrial Development, Hospitality and Leisure, Education Services, and City Operations. The company primarily develops the King Abdullah Economic City. It also develops infrastructure; promotes, markets, and sells land within development areas; transfers/leases land; develops buildings/housing units; and constructs properties on behalf of other parties. In addition, the company sells/leases land, and units for residential and commercial purpose; and operates schools and colleges, hotels, resorts, other leisure clubs, and technical institutions, as well as utilities and other city management services. Further, it owns, purchase, sale, investment, development, and markets real estate properties. The company was incorporated in 2006 and is based in King Abdullah Economic City, the Kingdom of Saudi Arabia.