His vision to establish the King Abdullah Economic City as a great enabler of socio-economic development in the Kingdom of Saudi Arabia, is paying him rich dividends. Fahd Al Rasheed, Managing Director and CEO, Emmar, Economic City was recently awarded with the Property CEO of the Year 2012 at the Arabian Business CEO Awards 2012. Leading the development since 2008, Rasheed is responsible for all aspects of KAEC's development including construction and commercialisation of residential communities, retail and commercial space, hospitality and leisure offerings, health and education facilities, as well as a port and industrial zone. Prior to this, he was engaged as the of deputy governor and CFO of the Saudi Arabian General Investment Authority (SAGIA) until 2008. He is a board member of the Ports Development Company and Saudi Arabian Airlines-Catering Company, and also a member of the Jeddah Chapter of the Young President Organisation.