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 operates through five segments: Residential business, Industrial development, Hospitality and leisure, Education services, and City operations. It includes sell and lease of land and units for residential purposes under Residential business; sell and lease of land and units for commercial purposes and situated in industrial zone under Industrial development; room rent, food and beverages and other related services from operations of hotels, resorts and other leisure clubs under Hospitality and leisure segment; tuition and other fees from schools and colleges under Education services segment; and utilities and other city management services under City operations segment. 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. Emaar The Economic City was incorporated in 2006 and is based in King Abdullah Economic City, the Kingdom of Saudi Arabia.