Emaar The Economic City engages in the development of real estate properties in the economic or other zones in Saudi Arabia. The company primarily develops the King Abdullah Economic City. It also develops infrastructures; 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, and other leisure clubs, as well as utilities and other city management services. Emaar The Economic City was incorporated in 2006 and is based in King Abdullah Economic City, the Kingdom of Saudi Arabia.