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Mohamed Ali Alabbar
|Other names||Mohamed Ali Rashed Alabbar|
|Occupation||Founder of Emaar Properties|
|Known for||Emaar Properties|
Mohamed Alabbar (Arabic: محمد بن علي العبار), (born November 8, 1956) is an Emirati businessman and global entrepreneur. He 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, the Abu Dhabi based private investment and real estate development company. He is also the founder and director of noon.com, an e-commerce ecosystem for the Arab world and largest GCC e-commerce company and the chairman of Americana Group, in food industries.
Mohamed Alabbar was born in Dubai and is the eldest of 12 children. Alabbar's father was the captain of a traditional trading vessel known as a dhow and raised his children in the Rashidiya area of Dubai. 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. Alabbar graduated from Seattle University in 1981 with a degree in Business Administration. He also received an honorary doctoral degree in humanities from his alma mater in 2007 and served on its Board of Trustees until 2016.
After college, Alabbar started off his career with the Central Bank of the United Arab Emirates as a banking manager. Later, Alabbar relocated to Singapore and began working for the Dubai government as the director of Al Khaleej Investments, a government-owned company in Dubai with significant real estate interests in Singapore.
In 1992, Alabbar returned to Dubai and began working for the government as the founding director general of the Department of Economic Development (DED). 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. Alabbar worked with Sheikh Mohammed bin Rashid Al Maktoum to drive the development and growth of both Dubai's tourism industry and global reputation. In 1996, Alabbar initiated and organized the Dubai Shopping Festival which attracted over two million visitors for an entertainment and shopping event highlighted by street bazaars, fashion shows, food festivals, folklore and more. That same year, Alabbar was selected by Advertising Age as one of their International Marketing Superstars of the year.
Alabbar spearheads several business entities in the UAE and in overseas markets. Apart from being the founder and chairman of Emaar Properties, 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.
He is the founder and major shareholder of RSH, the leading Singapore-based pan-Asian marketer, distributor and retailer of international fashion and lifestyle brands. Alabbar also sits on the board of Noor Investment Group, an affiliate of Dubai Group, the leading diversified financial company of Dubai Holding. In March 2015, Capital City Partners, a real estate investment fund led by Alabbar, announced plans to build a new capital in Egypt. Also in 2015, Alabbar, who sits on the board of Eagle Hills, announced plans to develop the largest mall in the Balkans in Belgrade.
Emaar Properties, one of the world's largest property developers, was founded by Alabbar in 1997. As chairman of Emaar, Alabbar has assisted in the development of Dubai's real estate sector. Alabbar leads Emaar's growth strategy of global expansion and business segmentation into property development, hospitality & leisure, and shopping malls. Emaar has developed some of Dubai's most notable landmarks, such as the Burj Khalifa, the tallest building in the world, and the Dubai Mall, the world's largest shopping mall.
Alabbar has served as a member of the Dubai Executive Council and the Dubai Economic Council. As vice chairman of Dubai Aluminum Company (DUBAL), Alabbar has contributed to the growth of the country's non-oil sector. He also served as vice chairman of Dubai World Trade Center and chairman of Dubai Cable Company.
Alabbar is the chairman of Tradewinds Corporation, a premier leisure and hospitality owner-operator in Malaysia, focused on developing world-class real estate developments in the country and in Southeast Asia. He also 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 (DFM: EMAARMALLS) , the developer of The Dubai Mall, and Manara Developments in Bahrain.
Alabbar is also an active member of the UAE's endurance horse racing community.
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