Mohammed Alabbar is chairman, Emaar Properties
Mohammed Alabbar
Position: Chairman, Emaar Properties
Biography: As chairman of local developer Emaar Properties, Mohammed Alabbar is a leading figure for Dubais property and stock markets, both barometers of the health of the emirates economy.
In real estate, Emaar recently launched its Creek Harbour development in joint venture with state-owned Dubai Holding, and on the stock market it listed its malls subsidiary, enabling a $2.5bn dividend payout to shareholders. Despite these positives, the companys stock price fell sharply in December as oil prices plummeted.
The challenge for Alabbar in 2015 is ensuring Emaar keeps its shareholders happy and does not fall prey to another property market slowdown like Dubai saw in 2009-11. There will be competing challenges on Alabbars time: as well as his work at Emaar, he is also heading Abu Dhabi government-controlled developer Eagle Hills, which is planning the $18.6bn Centenary City development in Abuja, Nigeria, and the $5.4bn Belgrade Waterfront in Serbia.
You might also like...
Ruwais LNG full EPC award expected in June
29 March 2024
PIF entity makes $1bn Lucid placement
29 March 2024
Petro Rabigh awards KBR maintenance contract
29 March 2024
Diriyah Company seeks firms for demolition work
29 March 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.