Logo ofEmaar The Economic City (Emaar EC)
Emaar The Economic City (Emaar EC) announced today, Feb. 19, the resignation of Fahad Al-Saif from his roles as Chairman of the Board of Directors and the Executive Committee, following the royal decree issued on Feb. 12, appointing him as Minister of Investment. 
The resignation took immediate effect. In response, the company appointed Muhannad Al-Azzawi as Chairman.
Al-Azzawi holds a bachelor’s degree in computer engineering from King Saud University and has over 32 years of experience across contracting, technology, civil aviation, banking, investment, real estate development, and hospitality sectors.
He currently serves as managing partner in several companies, including the Saudi Industrial Constructions Engineering Projects Co. (SICEP), the Saudi Technology Trade Co., and AlWusataa Development Co., while holding multiple board memberships and committee roles.
The board will continue its operations under Al-Azzawi’s roadmap, ensuring continuity across all governance and strategic functions.
Logo ofEmaar The Economic City (Emaar EC)
Emaar The Economic City (Emaar EC) announced today, Feb. 19, the resignation of Fahad Al-Saif from his roles as Chairman of the Board of Directors and the Executive Committee, following the royal decree issued on Feb. 12, appointing him as Minister of Investment.
The resignation took immediate effect. In response, the company appointed Muhannad Al-Azzawi as Chairman.
Al-Azzawi holds a bachelor’s degree in computer engineering from King Saud University and has over 32 years of experience across contracting, technology, civil aviation, banking, investment, real estate development, and hospitality sectors.
He currently serves as managing partner in several companies, including the Saudi Industrial Constructions Engineering Projects Co. (SICEP), the Saudi Technology Trade Co., and AlWusataa Development Co., while holding multiple board memberships and committee roles.
The board will continue its operations under Al-Azzawi’s roadmap, ensuring continuity across all governance and strategic functions.
