Saudi Arabia's Kingdom Holding said on Wednesday it had signed a contract with Emaar Properties for development services through an affiliate that does not involve an investment by the UAE firm. "Kingdom Holding confirms that there is a contract for development services between Emaar Properties PSJC and Kingdom Holding, representing Jeddah Economic Company," the firm said in a statement on the Saudi bourse website. "Kingdom also confirms that Emaar is not an investor." Keep up with the latest business news from the region with the Emirates Business 24|7 daily newsletter. To subscribe to the newsletter, please click here .