Khoshaim & Associates (K&A) has successfully assisted EMAAR, the Economic City – the master developer of King Abdullah Economic City (KAEC) – in structuring, negotiating, and drafting several complex lease agreements in the Special Economic Zone located in KAEC’s Industrial Valley, for the construction and operation of a vehicle and vehicle parts manufacturing and assembly facility.
These leases will pave the way for the establishment of unique facilities in KAEC’s Industrial Valley, which will play a pivotal role in advancing the Kingdom’s Vision 2030 goals. By fostering innovation and industrial growth, these projects underscore the importance of KAEC as a hub for transformative economic development.
The K&A team was led by Partners Hamdan van den Brule and Zeyad Khoshaim, and supported by partner Abdullah Alajlan and Associates Yousif Latifa and Duaa Amer.
This transaction further cements K&A’s role as the leading law firm in Saudi Arabia for the negotiation of complex project and real estate transactions. It follows K&A’s recent expansion into the UAE market with the establishment of an office in Abu Dhabi, supporting regional investments by Saudi Arabian companies seeking to invest in assets and businesses across the region.