Mohamed Alabbar

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search
Mohamed Alabbar
Mohamed Alabbar
Mohamed Alabbar, Founder of Emaar Properties
Born (1956-11-08) November 8, 1956 (age 66)
NationalityEmirati
Other namesMohamed Ali Rashed Alabbar
EducationSeattle University (1970–1981)[1][2]
OccupationBusinessman
Known forEmaar Properties
Eagle Hills Properties
Children2[3]

Mohamed Alabbar (Arabic: محمد علي العبار), (born November 8, 1956) is an Emirati businessman who is best known as the founder of Emaar Properties, the developer of assets such as the Burj Khalifa and the Dubai Mall, as well as the chairman of Eagle Hills, an Abu Dhabi-based private investment and real estate development company.

Alabbar is also a co-founder of Noon.com, an e-commerce company and the chairman of Americana Group, in food industries.

Early life[edit]

Mohamed Alabbar was born in Dubai and is the eldest of 12 children.[1] His father was the captain of a traditional trading vessel known as a dhow and raised his children in the Rashidiya area of Dubai.[1] In the 1970s, Alabbar received a government scholarship to study finance and business administration from The Albers School of Business and Economics at Seattle University.[1] Alabbar graduated from Seattle University in 1981 with a degree in Business Administration.[2] He also received an honorary doctoral degree in humanities from his alma mater in 2007 and served on its Board of Trustees until 2016.[4][5]

Career[edit]

After college, Alabbar started off his career with the Central Bank of the United Arab Emirates as a banking manager.[1] In 1992, Alabbar returned to Dubai and began working for the government as the founding director general of the Department of Economic Development (DED).[1][6] Alabbar's career led him to establish a close relationship with Sheikh Mohammed bin Rashid Al Maktoum, the Ruler of Dubai, where he later became one of Sheikh Mohammed's chief economic advisers.[7][8] Alabbar worked with Sheikh Mohammed bin Rashid Al Maktoum to drive the development and growth of both Dubai's tourism industry and global reputation.[6][9]

He is the founder and chairman of Africa Middle East Resources (AMER), a private company that works to unlock the value of natural resource opportunities in Africa and link them with large consumer markets in Asia.[10] He is also the founder and major shareholder of RSH, the leading Singapore-based pan-Asian marketer, distributor and retailer of international fashion and lifestyle brands.[10]

In March 2015, Capital City Partners, a real estate investment fund led by Alabbar, announced plans to build a new capital in Egypt.[11] Also in 2015, Alabbar, who sits on the board of Eagle Hills, announced plans to develop the largest mall in the Balkans in Belgrade.[12]

Board memberships[edit]

Alabbar chairs Eagle Hills, a UAE-based real estate development company focused on large-scale projects in high-growth international markets. He serves on the board of Emaar Malls.[13]

Alabbar also sits on the board of Noor Investment Group, an affiliate of Dubai Group, the leading diversified financial company of Dubai Holding.[14]

Personal life[edit]

Alabbar is a member of the endurance horse racing community in the United Arab Emirates.[15]

References[edit]

  1. ^ a b c d e f Stanley Reed (1 July 2007). "The Master Builder Of The Middle East". Business Week. Retrieved 16 September 2014.
  2. ^ a b Sonia Tita Puopolo (2 August 2007). "Mohamed Ali Alabbar: The Mover and Shaper of Dubai". Haute Living. Retrieved 16 September 2014.
  3. ^ ed attwood (22 April 2016). "From bricks to clicks: Rashid and Salama Alabbar". Arabian Business. Retrieved 3 November 2021.
  4. ^ "Seattle University Albers School of Business and Economics" (PDF). Seattle University. 2010. Retrieved 16 September 2014.
  5. ^ K.T. ABDURABB (13 June 2007). "Seattle University Honors Alabbar". Arab News. Retrieved 16 September 2014.
  6. ^ a b Dhanusha Gokulan (26 January 2014). "A look back into future of the Dubai Shopping Festival". Khaleej Times. Retrieved 17 September 2014.
  7. ^ Matthew Boyle (2007). "5 in Power Positions" Mohamed Bin Ali Alabbar". Forbes. Retrieved 17 September 2014.
  8. ^ Rick Reilly (1995). "Going For The Green Huge Appearance Fees Lured Six Of The Globe's Top Golfers To A Tournament In Dubai". Sports Illustrated.
  9. ^ "The 500 most powerful Arabs in the World". Arabian Business. 2013. Retrieved 17 September 2014.
  10. ^ a b "Alabbar wins ABANA Award 2012". Khaleej Times. 16 February 2013. Retrieved 17 September 2014.
  11. ^ "Egypt unveils plans to build new capital east of Cairo". BBC. 13 March 2015. Retrieved 1 July 2015.
  12. ^ Barnard, Lucy (26 April 2015). "Mega-project for Abu Dhabi's Eagle Hills in Belgrade". The National. Retrieved 1 July 2015.
  13. ^ "Emaar Malls AGM approves cash dividend of Dh1.3 billion" – via Emirates 24|7.
  14. ^ "Board of Directors: Mohamed Ali Rashid Alabbar". Al Salam Bank Bahrain. 14 March 2013. Retrieved 17 September 2014.
  15. ^ "Mohamed Ali Alabbar". Global Competitiveness Forum. Retrieved 16 September 2014.