[PPT] - EEC Q1 2017 Investor Presentation Page 1 Establi lish h King PowerPoint Presentation

SLIDE 1

EEC Q1 2017 Investor Presentation

SLIDE 2

Our Vision

Establi lish h King Abdulla llah h Econo

nomic

ic City (KAEC) C) as a a s strong ng enabl bler er of socio io-econo economic ic develo elopme pment nt in the Kingdom

m of Saudi Arabi

bia

Page 1

Our Objectives

Employm

ymen ent t and caree eer devel elopment ment to build local al capacity ity

Top

Top-notch h busin iness ess devel elopme ment nt to attract act regio ional l and inte ternatio ational nal busine nesses ses to the he area

Provid

idin ing g hous usin ing g solut utio ions ns to all income me segment ments

Tour

urism ism, leisur sure, e, and social al activ iviti ities that at engag age e the he commun munity ity

Educa

cation tion devel elopmen ment t through ugh schools ls, colle leges ges , and othe her instit tituti utions ns

SLIDE 3

KAEC Master Plan

Segment ent Breakd akdow

wn %

Categor

ry

Current ent Plan

Industrial 23,625,000 Commercial/Hospitality 12,736,000 Residential 75,373,000 Other 19,847,000 BUA Total l 131,58 581,000 00 Employment 890,000 Population 1,750,000 Industrial 21% Retail 11% Residential 68%

KAEC is a greenfield city development roughly the size of Washington DC. Its objective is to help with Saudi Arabia’s acute housing demand and support economic diversification. KAEC’s strategic location

n the Red Sea puts it close to international

maritime routes and provides instant access to key cities within Saudi Arabia. KAEC is comprised of the Coastal Communities, The Industrial Valley, King Abdullah Port( KAP), and The Hejaz District.

Proje ject Overview view

Page 2

SLIDE 4

KAE AEC C Business Business Mo Model el

COMMERCIAL L & LIESURE

Retail
Offices
Hospitality

CITY DEVELOP LOPMENT NT & ECON ONOM OMIC GROWTH

Jobs Creation
Population
Ramp-up

CITY DRIVE VERS

Port
Industrial Valley
Haramain Station
Bonded Zone
Land Bridge
MBSC (Powered by

Babson College) INFRA-STRUCTURE

Roads Network
Utilities
Public Assets

SOCIAL AMENITIES

Education
Healthcare
City Management

HOUSING G NEEDS DS

High End
Middle End
Low End
Labor Camps

Land/U d/Unit nit Sale les Debt Shareh ehold

lder

ers s Equ quit ity

Fundin ing g Sources ces

Retu turn to Share- holde ders s Fin. . benefit efits s to Govt. t. Local l & Foreig eign Inv. . Logistics istics Hub Realiz lizatio ion n of Econom

nomic

ic city y visio ion n Job Crea eation tion

Econom

mic

ic Impact act

Page 3

SLIDE 5

Developed Under Development Graded Under Planning Industrial 10,842,255 9,788,930 2,011,807 23,697,959 Commercial 408,764 1,097,604 5,898,387 Residential 876,059 6,857,163 5,119,790 Total * 12,127,078 17,743,697 2,011,807 34,716,136

5,000,000 10,000,000 15,000,000 20,000,000 25,000,000 30,000,000 35,000,000 40,000,000

Area (sqm) Grand Total * 66,598,718

City Development

By Development Status: By Land Use:

* Area of Port is excluded from Totals

Residential Commercial Industrial Under Planning 5,119,790 5,898,387 23,697,959 Graded 2,011,807 Under Development 6,857,163 1,097,604 9,788,930 Developed 876,059 408,764 10,842,255 Total * 12,853,012 7,404,755 46,340,950

5,000,000 10,000,000 15,000,000 20,000,000 25,000,000 30,000,000 35,000,000 40,000,000 45,000,000 50,000,000

Area (sqm) Grand Total* 66,598,718 Port 14,609,291 (sqm) Port 14,609,291 (sqm)

* Area of Port is excluded from Totals

Page 4

SLIDE 6

City Infrastructure

MAP KEY

Existing Gate Future Gate Completed Roads Under Construction Roads Under Design Roads

Roads & Waterways Utilities

(4) Pump Stations
(568) Fire Hydrants

Water Network (km)

Sewage network covers BLS area only.
Underground sewage Tanks in other communities with

total capacity of (300 m3 each)

Sewage network in IV is under design

Sewage Network (km)

STP covers %37 of Irrigation consumption
(1) STP Pump Station

Irrigation Network (km)

(2) Permanent Substations operated by SEC
(4) Temporary Substations operated by KAEC
(6,700) Street lights
(6,024) Landscaping lights

Electricity Network (km)

(23) Mobile Towers by Mobily

Telecom Network (km)

230.0 130.0 250.0 900.0 79.0

* Kilometer (km) lengths are totals of Built Pipe/Duct networks per category

151.8 54.0

Secondary Roads (km)

11.0

Bicycle Ways (km)

3.1

(3.1 km) of Constructed Canals
(14.1 km) of Graded Wadi
(3) City Gates: Main Gate1, IV

Gate3, and Haramain Gate in Under Construction.

(52) Traffic Lights
(8) Roundabouts

Primary Roads (km) Water Ways (km)

Page 5

SLIDE 7

Residential Commercial

(2) High-End Communities
(2) Beach Towers, and (4) Marina Towers
(848) Apartments
Total Area of (95,870 sqm) is Completely Developed
(13) High-End Communities
(3) Beach Communities, (7) Golf Communities, and (3)

Townhouses Communities

(2,355) Individual Plots, (159) Villas , and (270)

Townhouses, are Under Development

Total Development Area of (4,511,892 sqm)
(7) Middle Income Communities
(3,756) Individual Plots and (238) Villas, are Under

Development.

Total Development Area of (2,987,001 sqm)
(1) Middle Income Community
(389) Apartments, (144) Townhouses, (46) Paired Homes, and (30)

Villas, are Completely Developed

(342) Apartments and (30) Paired Homes, are Under Development
(200,000 sqm) is Completely Developed from the total

Development Area of (242,583 sqm)

Affordable Apartment Buildings
(98) Buildings with (1,441) Apartments, are Completely

Developed

Total Development Area of (150,000 sqm)
Labor Accommodations
(16) Buildings with a capacity of (2,784) beds, are

Completely Developed

Total Development Area of (36,900 sqm)
(3) Operating Shops
Total Operating Built-Up Area of (2,416 sqm)
Meed (Mini Market), Panda (Grocery), and EEC Real Estate Services

Shops & Services (sqm)*

(10) Operating Cafes/Restaurants
Total Operating Built-Up Area of (2,170.8 sqm)
BLS District: Piatto, Bhar, Bert’s, Fire Grill, Baskin Robins, Modo

Café (Beach), Modo Café (WFM), Subway, Burger King, Pizza Hut, and Steakhouse Cafes & Restaurants (sqm)*

(1) Hotel, and (2) Serviced Apartments/Villas
Bay La Sun Hotel is 5-stars with (195) rooms in a Built-Up area of

(21,000 sqm), Currently Operating

Oceana has (50) serviced villas with Built-Up Area of (25,639sqm),

Currently Operating

The Views is a 4-stars Serviced Apartments with Built-Up Area of

(24,374.6 sqm), Currently Under Development. Hotels & Serviced Apartments (sqm)*

Royal Greens Golf Course and clubhouse is (841,168 sqm) with

Built-Up Area of (10,000 sqm) , Currently Under Development

Esmeralda Sport Complex is (51,000 sqm) with Built-Up Area of

(14,850 sqm), Currently Under Development Leisure (sqm)*

Total Leasable Built-Up Area of (69,308.7 sqm), (30,355.0 sqm) is

Occupied (Operating and/orUnder Fit-out) Office Spaces (sqm)*

6,657 3,649 71,014 40,850 94,371

* Square meter (sqm) Areas are total Built-up Areas of Built, Under Construction, and Under planning vertical constructions per category

Page 6

SLIDE 8

2,909,971 3,580,568 14,089

Building Material 55,269 5% Food 77,208 7% General 664,662 61% Pharma 49,764 5% Plastic 93,898 9% Logistics 141,613 13%

21

(61) Tenants over total Plots area of (5,819,941.4 sqm)

Factories (sqm)*

(38) Operators over total plots area of (7,133,800.5 sqm)
Warehouse Park is over a plots area of (30,433.0 sqm) in IV1B and

Built-up area of (13,668 .0 sqm) Warehouses (sqm)*

NCB Data Center in IV3 over a plot area of (28,178.0 sqm)

Data Center (sqm)* Operating Tenants

* Values are in Square Meters (sqm) per category

Industrial Social Infrastructure

(2) Operational Educational Institutes
TWA School: (10,500 sqm) with a capacity of (600)

Students, currently over (537) Students are enrolled

MBSC Post-Grad: (8,000 sqm) with a capacity of (300)

Students, First semester will start in September 2017

TVET Training Center: Under Planning with about (2,126

sqm) Education (sqm)

(2) Operational Hospitals
FMC: (1,400 sqm) has (9) Clinics with a capacity of (15)

hospital beds

IV Clinic: (170 sqm) for Emergencies only and has (6)

hospital beds. Healthcare (sqm)

(1) Fire Station with (770.6 sqm) and (4) Fire Trucks
(2) Security Stations with total of (40 sqm) and (21)

Security cars

(107) Security cameras around the city

Safety & Security (sqm)

(1) Temporary Gas Station in BLS Area
Total tanks capacity of (80,000 Liters)
(2) Pumps
Land area of (1,015 sqm)

Services (sqm)

20,626 1,570 811 1,015

* Square meter (sqm) Areas are total Built-up Areas of Built, Under Construction, and Under planning vertical constructions per category

Page 7

SLIDE 9

KAEC Developments:

Page 8

King Abdullah Port`
The World Academy
Family Medical Center
Juman Park
Royal Greens
Juman Karting
Esmeralda Sports Complex

SLIDE 10

Kin ing g Ab Abdul ullah lah Por

rt

Current ent On Completion letion

For more info, please visit KAP’s website: https://www.kingabdullahport.com.sa/

Page 9

SLIDE 11

For more info, please visit KAEC’s website: http://www.kaec.net/live/

Page 10

Fully operational since Q3 - 2014 Grades Offered: Nursery up to Grade 12 Current Enrolment: Over 500 students

SLIDE 12

For more info, please visit KAEC’s website: http://www.kaec.net/live/

Page 11

Operated by Dr. Soliman Fakeeh Hospital
In operation since September 2016
FMC offers specialty clinics such OB/GYN, Ophthalmology, Orthopedic, and Dental Services; as well as Laboratory and Diagnostic Imaging services

SLIDE 13

WORLD CLASS EDUCATION

For more info, please visit Bay La Sun hotel’s website: http://www.baylasunhotel.com

Page 12

Premium 5-star Business & Leisure hotel
195 rooms and 6 suits
Operated by Alkhozama
In operation since 2013

Recipient of 2016 World Travel’s Saudi Arabia’s Leading Business & Leisure Hotel Award

SLIDE 14

For more info, please visit KAEC’s website: http://www.kaec.net/live/

Page 13

Juman Park is situated alongside the Bay La Sun Hotel and Marina
With around 70,000 sqm of open space that includes walkways, running tracks, cycling tracks, a mini golf course, games area and an amphitheater
The park is populated with art sculptures, refreshment stops and adventure playgrounds for children

SLIDE 15

AN EXCLUSIVE WORLD-CLASS COURSE

For more info, please visit Royal Greens’ s website: http://royalgreens.kaec.net/

Page 14

18-hole championship golf course in Al-Murooj District
Golf clubhouse sized 10,000sqm that consists of health

clubs, BBQ grills, juice bars, and conference rooms

Winner of two Best Leisure Development accolades from the International Property Awards and one accolade from City Scape

Official launch in Q4-2017

Soft launch took place in January

SLIDE 16

AN EXCLUSIVE WORLD-CLASS COURSE

For more info, please visit KAEC’s website: http://visit.kaec.net/discover/facilities/karting

Page 15

Our newly laid track is 700m long and 7 to 10 m wide; it consists of a variety of fast straights, long fast corners and a good mixture of slower corners (9 in total) to really test

ut every driver that goes on our track, from the

beginner right through to the most experienced!

SLIDE 17

AN EXCLUSIVE WORLD-CLASS COURSE

Page 16

Project Area: 51,000 SQM
Total Built up Area: 14,850 SQM
Actual progress: around 63.7%
To be delivered in Q4-2017
The Sports Club will include Indoor Youth Soccer, Cricket, and

multipurpose courts for Basketball, Badminton, Tennis, Squash and Volleyball, men and women pools, Gymnasium, Fitness rooms, Aerobic Halls and Spinning, Jogging Track, Spa, Bowling Alley, Billiard and Snooker rooms, Rock climbing wall, Café, lounges and Seminar rooms

SLIDE 18

Page 17

Sponsored by the MiSK Foundation, KAEC held the Next Markhathon, a 2-day challenge for young marketing professionals
Sponsored by the General Entertainment Authority, KAEC hosted a concert by Omar Khairat, a world-renowned pianist
As part of the Family Business Speaker Series, MBSC and Babson Global hosted H.E Amr Al-Dabbagh

SLIDE 19

Projects Under Development:

Page 18

Hejaz District
Beachside Hotel apartments
Muhammad Bin Salman College (UG)
Play District
Culinary Arts Academy Project
Juman Carnival
Floating Water Park
Hot Air Balloon (tethered)
Conference and Exhibition Center
Exclusive Desert Camps

SLIDE 20

HEJAZ DISTRICT & HIGH SPEED TRAIN

Page 19

Strategically located within the Western Region

| Located between the two holy cities, Makkah and Madinah

Connecting 8.5 million inhabitants

|Completion date*: Q1 2018

4.5 m Residents

1.3 m residents

0.3 m consumers

KAUST& Thuwal

KAEC

120k residents 40k residents

2.5 m residents

*According to a news article by Okaz published in February 2017.

SLIDE 21

AN EXCLUSIVE WORLD-CLASS COURSE

Page20

SLIDE 22

MBSC is operated by Babson Global Programs Offered: Undergraduate degrees focusing on Business and Entrepreneurship; Graduate MBA degree; and Executive & Continuing Education For more info, please visit MBSC’s website: http://mbsc.edu.sa/

Page 21

MBSC is a new private, higher education institution for both men and women
It has been established through an International partnership between Emaar The Economic City, Babson Global (a wholly-owned subsidiary of Babson

College, USA), Lockheed Martin under the umbrella of the Economic Offset Program in the Kingdom of Saudi Arabia and the MISK foundation

MBSC MBA program First semester will start in September 2017

SLIDE 23

AN EXCLUSIVE WORLD-CLASS COURSE

Page 22

PLAY DISTRICT

SLIDE 24

Page 8

From top left to bottom right:

1. Floating Water Park
2. Conference and Exhibition Center
3. Exclusive Desert Camps
4. Juman Carnival
5. Hot Air Balloon (tethered)
6. Beachside Hotel apartments
7. Culinary Arts Academy Project

Page 23

SLIDE 25

KAEC Financials, Segment Breakdown, and Stock Performance

Page 24

SLIDE 26

EEC’s Fi Fina nanc ncial ial Grow

wth

h Qua uarterly erly Br Brea eakd kdown

wn

More Than 95 Globa

bal

l & Loca cal Tenants in KAEC

Q1 2017 Q2 2016

Revenue Net Income Gross Profit

230 100 80 Q3 2016 332 22

81

132 52

31

Q1 2016 46 181 85 53 Residential Development Industrial Valley Commercial Development Other Income Order Intake Revenue RD 57% IV 27% Commercial 0% Other Income 16%

Total al 318M SAR

Order Intake and Revenue YTD 2017 % Breakdown of

f Revenue for YTD 2017

(SARS M)

318 116

19

*Other Income: Constitutes value added services, service charges, Hotel, healthcare, DMO, RLO and income from education

Page 25

Q4 2016 445 293 127

SLIDE 27

E E C S t o c k P e r f o r m a n c e

Ticker Description: SASEIDX Index: Tadawul all share index SASETRMI Index: Tadawul all share real estate management and development index EMAAR AB Equity: Emaar Economic City’s stock on Tadawul

One year chart from March 2016 to March 2017: EEC stock has risen 22% year over year.

Page 26

SLIDE 28

KAE AEC C Ma Mast ster er Pla lan n Res esid ident ential ial De Devel elop

pmen

ment t

Page 27

SLIDE 29

Compe mpeti titive tive Edge ge :

Corporate Relocation Program has been launched aimed at entrepreneurs,

SMEs, and established businesses to relocate to KAEC:

10year interest-free payment plan for Saudis
20% discount on annual rent
Free premium education for a total of two children
Rent-free for the first 5 years on office space
Transportation
Competitive pricing offers investment upside
Good infrastructure relative to other major cities regionally
MoU signed with Ministry of Housing for the development/delivery of

affordable housing solutions.

Several launches expected in H2 - 2017

Paymen yment t plan: 60 months hs of install tallmen ents ts for land and vertical ical with th a d down paymen ent t of 10% for land and 20% for vertic ical al

Re Resi side dentia ntial l Develo elopment pment Game e Ch Chang ngers s

Res esid idential ential De Devel elop

pmen

ment

Page 28

SLIDE 30

Res esid ident ential ial De Devel elop

pmen

ment t Br Brea eakd kdown

wn

for

r Q12

1201 017

Sales GP Reside dent ntia ial Land Vertic ical l (exclu ludi ding ng Lease) e)

25

Total l area sold Gross s Margin

8

21 74

4,200 SQM 12,500 0 SQM

14% 60% (SAR in million lions s )

Revenu enue e

58 123

Page 29

Vertic ical l Reser ervations tions

25

3,740 SQM

Land Reser ervations tions

84

21,060 0 SQM

All numbers reflected in Q1 2017 are under IFRS convention while earlier quarters where under SOCPA

SLIDE 31

Res esid ident ential ial Sa Sale les Prod

duc

uct St Statist istics ics 2012 2012 - 2016 2016

Product 2012 2013 2014 2015 2016 Vertical Net Order Intake (in million, SAR) 21 9 272 369 484 Units 12 6 178 641 534 Land Net Order Intake (in million, SAR) 167 673 655 776 148 Units 136 403 819 912 132 Totals Net Order Intake (in million, SAR) 188 682 927 1,149 632 Units 148 409 997 1,767 666

Bench Mark Analysis ysis Jeddah dah vs. KAEC* C*

4,489 3,746 4,807 3,583 - 4500 5,700 10,160 Affordable Housing Medium Income Housing High Income Housing KAEC Jeddah

Jeddah Real Estate Prices - Colliers International Market Study; input from persons knowledgeable about the subject matter
KAEC’s MI and HI Housing categories include vertical sales as well as land sales

SAR/SQM

Page 30

SLIDE 32

Res esid ident ential ial De Devel elop

pmen

ment Ve Vertic ical al Proj

jec

ect t Br Brea eakd kdown

wn

up up t to Ma

March

h 2017 2017

*Sellable area: total area sold plus area to be launched/sold **Sale price per SQM reflective average prices for the respective community/phase

Page 31 Al Shurooq Apartment Al Shurooq Affordable 1050 390 135,064 4,489 Launched Al Waha Apartment Waha Medium Income 388

42,718 5,948 Launched

Al Waha 1B Apartment Waha Medium Income 116 256 33,708 Launched Beach 1 Apartment BLS High Income 116

21,490 12,374 Launched

Beach 2 Apartment BLS High Income 116

21,684 13,200 Launched

Marina 1 Apartment BLS High Income 191 1 21,096 12,291 Launched Marina 2 Apartment BLS High Income 192

21,058 12,108 Launched

Marina 4 Apartment BLS High Income 116

21,498 12,066 Launched

Al Waha (Town House) Town House Waha Medium Income 144

34,565 4,735 Launched

Al Waha (Villa) Villa Waha Medium Income 76

6,597 8,364 Launched

BC1 Villa Villa Al Muroj High Income 5

11,803 5,190 Launched

GC1 Villa Villa Al Muroj High Income 12

7,567 4,995 Launched

GC2 Villa Al Muroj High Income 147

126,382 5,375 Launched

Al Talah 1.3 Villa Al Talah Medium Income 179

67,225 5,950 Launched

Al Talah 3 villas Villa Al Talah Medium Income TBD 59 TBD TBD Not Planned Al Talah 4 & 5 villas Villa Al Talah Medium Income TBD TBD 105,000 4,988 Not Planned TH2 villas Villa Al Muroj Medium Income TBD TBD 74,977 7,757 Not Planned Coastal Towers Apartment BLS High Income TBD TBD TBD TBD Not Planned Vertical Projects 2,848 705 583,660 7,989

Total Unreleased Units Sellable Area Sale Price Per SQM Launch Date Community Type District Target Income Total Released Units

SLIDE 33

Res esid idential ential De Devel elop

pmen

ment t La Land nd Proj

jec

ect Br Brea eakd kdown

wn

up up t to Ma

March

h 2017 2017

Page 32

*Sellable area: total area sold plus area to be launched/sold **Sale price per SQM reflective average prices for the respective community/phase

BC1 Land Al Muroj High Income 103

215,946 1,512 Launched

BC2 Land Al Muroj High Income 392

452,744 2,023 Launched

BC3 Land Al Muroj High Income 165 55 196,520 2,714 Launched GC1 Land Al Muroj High Income 91

82,947 1,250 Launched

GC3 Land Al Muroj High Income 220 15 182,514 1,616 Launched GC4 Land Al Muroj High Income

168,475 1,450 Not Planned

GC5 Land Al Muroj High Income

191,563 1,500 Not Planned

GC6 Land Al Muroj High Income

134,397 1,400 Not Planned

Al Talah 1.1 Land Al Talah Medium Income 145

63,094 657 Launched

Al Talah 1.2 Land Al Talah Medium Income 279

148,628 691 Launched

Al Talah 3 Land Al Talah Medium Income 511 123 357,784 940 Launched Al Talah 4 Land Al Talah Medium Income 411 114 215,673 1,400 Launched Al Talah 5 Land Al Talah Medium Income 504 125 268,650 1,400 Launched TH3 Land Al Muroj High Income

112,448 1,450 Not Planned

TH4 Land Al Muroj High Income 253

114,843 1,514 Launched

Land Projects 3,074 432 2,906,226 1,434

Community Type District Target Income Total Released Units Total Unreleased Units Sellable Area Sale Price Per SQM Launch Date

SLIDE 34

Res esid ident ential ial Sa Sale les s Su Summ mmary y up up to Ma

March

h 20 2017 17

% Presales

(Sold and Reserved)

% Unsold % Leased

Sold 91% Unsold 9%

%Sold d Land d Sales es

Page 33

Sold 59% Unsold 27% Leased 14%

%Sold d Vertical al Developme

pment

nt Sales es

99% 98% 68% 100% 58% 100% 98% 98% 91% 86% 96% 1% 2% 32% 0% 42% 0% 2% 2% 9% 14% 4% 103 392 165 91 220 145 279 511 411 504 253 BC1 BC2 BC3 GC1 GC3 Al Talah 1.1 Al Talah 1.2 Al Talah 3 Al Talah 4 Al Talah 5 TH4

Total Released Units Residential Land Sales Summary

72% 65% 16% 78% 23% 86% 26% 23% 28% 57% 100% 100% 19% 82% 8% 20% 0% 16% 57% 14% 42% 34% 6% 7% 0% 0% 0% 20% 15% 84% 5% 20% 0% 32% 42% 66% 37% 0% 81% 18% 1050 388 116 116 116 191 192 116 144 76 5 12 147 179 Al Shurooq Al Waha Al Waha 1B Beach 1 Beach 2 Marina 1 Marina 2 Marina 4 Al Waha (Town House) Al Waha (Villa) BC1 Villa GC1 Villa GC2 Al Talah 1.3

Total Released Units Residential Vertical Sales Summary

SLIDE 35

Ma Majo jor De Devel elop

pmen

ments ts Ind ndus ustr trial ial Va Vall lley ey

Page 34

SLIDE 36

R E S I D E N TI A L S A L E S S U M M A R Y u p t o S e p 2 0 1 6 2 0 1 6 KAE AEC Ma Mast ster er Pla lan n Industr trial ial Va Vall lley

Page 35

SLIDE 37

Ind ndus ustr trial ial Va Vall lley ey

*Rent is collected 1 year in advance and prorated through out the year whereas, sales revenues are recognized immediately in the month of sale.

IV secu

cured ed two deals s worth h of SAR 2 220 million ion

IV continues

inues to work on its s offer erings gs and its s busin sines ess strategy ategy with h the main n focus s on:

Special

cial zones

nes within

in IV : Bonded ded Zone, e, Gas Zone, e, and warehou ehousing ing

Broader

ader connect nectiv ivity ity through gh the operat eratio ional al King Abdullah h Port along g with the Haramai ain High Spee eed Railway lway and the planne ned Saudi di Land Brid idge ge

IV has sign

gned ed deals s at record d lease e and sale e rates es

Curr

rrent lease ase is SAR 16-18 / sqm

Curr

rrent sale le is SAR 585 / s sqm

IV Game Changers and Q1 updates

Page 36

SLIDE 38

Ind ndus ustr trial ial Va Vall lley ey Sa Sale les s and nd Le Lease se Se Segme ment nt Br Brea eakd kdown

wn

up up t to Mar

March

h 2017 2017

Phase1A and 1B Phase 4 Phase 2.1,2.2,2.3, and 2.5 Phase 3 A,B,C,D,E, and F Indu dust stri rial al Valley Sold Leased ed

75% 15% 69% 69%

Tech Park

8%

Page 37

To be launche

nched

Area ea Avail ilabl ble e for Lease ase (in million llion SQM)

3.06

0.95 6.70

0.50 2.12

Area ea Avail ilabl ble e for Sale le (in million llion SQM) )

7.02 2.74 4

2.7 To be launche

nched 3.6%

SLIDE 39

6 7 11 14

5 10 15 2012 2013 2014 2015 2016

18

Ind ndus ustr trial ial Va Vall lley ey Ye Year

n
n Yea

Year Per erfor

rmanc

mance e

Sales and Lease Revenue & Price Trend

Product 2013 2014 2015 2016 Sales Revenue 480 219 105 256 Product 2013 2014 2015 2016 Operating Revenue 28 33 47 59.2 Actual Sale Price/SQM (YoY) Product 2013 2014 2015 2016 Sales Price (SR/sqm) 247 413 490 585 Lease Price (SR/sqm) 7 11 14 18

200 300 585 545 445

50 100 150 200 250 300 350 400 450 500 550 600 2012 2013 2014 2015 2016

22% 48% 50% 30% 49% 19%

Actual Lease Price/SQM (YoY)

*Revenue and Sales figures are in millions

Page 38

7% 40%

SLIDE 40

KAE AEC C IV V Ten enants nts

Approximately120 120 Globa bal & Lo Local Tenants in KAEC

Page 39

SLIDE 41

DI DISCLAIM IMER ER

This presentation (Presentation) has been prepared by Emaar the Economic City (EEC) and/or its subsidiaries based on information available to it internally and

third party sources. This Presentation does not purport to contain all the information that a prospective investor may require in connection with any potential investment in EEC. You should not treat the contents of this Presentation, or any information provided in connection with it, as financial advice, financial product advice or advice relating to legal, taxation or investment matters. No representation or warranty is made by EEC or any of its advisers, agents or employees as to the accuracy, completeness or reasonableness of the information in this Presentation or provided in connection with it. No information, including but not limited to numbers, maps, drawings, or maps contained in this Presentation or any other written or oral communication in connection with it is, or shall be relied upon as, a promise or representation and no representation or warranty is made as to the accuracy or attainability of any estimates, forecasts or projections set out in this

Presentation. No liability will attach to EEC, with respect to any such information, estimates, forecasts or projections. EEC does not accept responsibility or liability

for any loss or damage suffered or incurred by you or any other person or entity however caused (including, without limitation, negligence) relating in any way to this Presentation including, without limitation, the information contained in or provided in connection with it, any errors or omissions from it however caused (including without limitation, where caused by third parties), lack of accuracy, completeness, currency or reliability or you, or any other person or entity, placing any reliance on this Presentation, its accuracy, completeness, currency or reliability. EEC does not accept any responsibility to inform you of any matter arising or coming to EEC’s notice after the date of this Presentation which may affect any matter referred to in this Presentation. Any liability of EEC, their advisers, agents and employees to you or to any other person or entity arising out of this Presentation including pursuant to any applicable Saudi law is, to the maximum extent permitted by law, expressly disclaimed and excluded.

The distribution of this Presentation is governed by the Expression of Interest and Confidentiality Agreement as well as by law in certain jurisdictions. Recipients

and any other persons who come into possession of this Presentation must inform themselves about, and observe any such restrictions.

Future matters:
This Presentation contains reference to certain intentions, expectations, future plans, strategy and prospects of EEC. Those intentions, expectations, future plans,

strategy and prospects may or may not be achieved. They are based on certain assumptions, which may not be met or on which views may differ and may be affected by known and unknown risks. The performance and operations of EEC may be influenced by a number of factors, many of which are outside the control of

EEC. No representation or warranty, express or implied, is made by EEC, or any of its directors, officers, employees, advisers or agents that any intentions,

expectations or plans will be achieved either totally or partially or that any particular rate of return will be achieved. Given the risks and uncertainties that may cause EEC’s actual future results, performance or achievements to be materially different from those expected, planned or intended, Recipients should not place undue reliance on these intentions, expectations, future plans, strategy and prospects. EEC does not warrant or represent that the actual results, performance or achievements will be as expected, planned or intended.

SLIDE 42

Contact us: EEC Investor Relations Team IR@kaec.net Tel Direct: +966 12 510 6955 KAEC Website: Click here IR Website: Click here IR App: Click here