Fahd Al Rasheed
Managing Director & CEO
Emaar Economic City
Since 2008 Fahd Al-Rasheed has been the Managing Director & Chief Executive Officer of King Abdullah Economic City (KAEC), a publicly listed Saudi company. As the CEO of KAEC, Al-Rasheed is responsible for overseeing all aspects of KAEC’s development including the construction and commercialization of residential communities, retail and commercial space, hospitality and leisure offerings, health and education facilities, as well as a mega port and industrial zone.
Prior to his appointment as the CEO of KAEC, Al-Rasheed held the post of Deputy Governor and CFO of the Saudi Arabian General Investment Authority (SAGIA) from 2005 until 2008. In his role as Deputy Governor of SAGIA, Al-Rasheed led the establishment of the Economic Cities Agency (ECA), the agency responsible for overseeing the Kingdom’s Economic City initiative - the ECA was later spun off by Royal Decree to become an independent Government authority (“Economic City Authority”).
Prior to his role as Deputy Governor, Al-Rasheed held the position of SAGIA’s CFO, where he was responsible for leading many initiatives to enhance SAGIA’s operational efficiency and the competitiveness of the Kingdom’s investment climate. Prior to joining SAGIA, Al-Rasheed worked for Saudi Aramco’s Finance Division where he led initiatives in several areas including investments, corporate finance, and cash management.
Al Rasheed also holds membership and is involved in several global as well as community-based organizations and boards. He is on the Board of the Ports Development Company and Saudi Arabian Airlines-Catering Company, and also sits on the Board of the Jeddah Chapter of the Young President Organization (YPO). He is also a member of the World Economic Forum Agenda Council on Real Estate and was honored in 2011 by the World Economic Forum as a Young Global Leader.
Al-Rasheed received an MBA from the Stanford Business School in 2005 and a BS in Business Administration, with concentrations in Finance and International Business, from Washington University in St. Louis in 1999, Al-Rasheed is candidate to graduate from the Advanced Real Estate Development Program at Harvard University.