People / Mohamed Alabbar
Mohamed AlabbarChairman of Emaar Properties PJSC
Mohamed Alabbar is one of the Middle EastвАЩs most respected and recognized businessmen. The founder of Emaar Properties, the Middle EastвАЩs leading property developer, Mr Alabbar has been its chairman since its inception in July, 1997.
He has been named as вАЬMiddle East Personality of the Year,вАЭ by FDi magazine, published by the Financial Times Group, while Arabian Business, the leading regional business magazine, ranked him fifth in the 2011 list of вАШPower 500: The WorldвАЩs Most Influential Arabs,вАЩ and honored him as вАШBusinessman of the YearвАЩ 2011.
Mr. Alabbar is spearheading EmaarвАЩs growth strategy of global expansion and business segmentation into property development, hospitality & leisure, shopping malls and financial services. He heads EmaarвАЩs joint venture with ItalyвАЩs Giorgio Armani to set up the Armani-branded luxury hotel and resort chain in key international destinations, and Dawahi Development, the newly launched subsidiary of Emaar, which focuses on value housing projects.
He chairs Emaar MGF, the joint venture of Emaar and MGF Developments of India, rolling out the countryвАЩs largest foreign direct investment in real estate. He is also the Chairman of RSH, the leading Singapore-based pan-Asian marketer, distributor and retailer of international fashion and lifestyle brands.
A global entrepreneur, Mr. AlabbarвАЩs business interests extend far beyond Emaar and property development. He's the founder and chairman of Africa Middle East Resources (AMER), a private company operating to unlock the value of natural resource opportunities in Africa, the Middle East, Central Asia and the Subcontinent.
He's the Chairman of Bahrain-based Al Salam Bank and sits on the board of Noor Investment Group, an affiliate of Dubai Group, the leading diversified financial company of Dubai Holding.
Mr. Alabbar is well-known for his pioneering role in positioning Dubai as a world-class city. He served as the founding Director General of the Dubai Department of Economic Development (DED), and as a member of the Dubai Executive Council and Dubai Economic Council.
Under Mr. AlabbarвАЩs guidance, the DED met with notable success in opening doors to the private sector, creating innovative public policies to strengthen trade and in establishing a business culture of transparency and openness. He was in the forefront in initiating the Dubai Quality Award and launching the Dubai Shopping Festival, both aimed at energizing the retail and tourism sectors of Dubai.
As Vice Chairman of Dubai Aluminum Company (DUBAL), Mr. Alabbar contributed to the growth of DubaiвАЩs non-oil sector. He also served as Vice Chairman of Dubai World Trade Center and Chairman of Dubai Cable Company.
Mr. Alabbar graduated in Finance and Business Administration from the Seattle University in the US, where he holds an Honorary Doctorate and serves on the Board of Trustees.
Mr. Alabbar works closely with regional NGOs, and is especially committed to the cause of educational reform. A keen sportsman, he is an active member of the UAEвАЩs endurance horse racing community, and is the Chairman of the Golf Association which hosts the annual Dubai Desert Classic, the professional golf tournament that is part of the European Tour.