Mohamed Alabbar

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Mohamed Ali Alabbar
Mohamed Ali Alabbar
Mohamed Alabbar – Chairman of Emaar Properties
Born (1956-11-08) November 8, 1956 (age 64)
NationalityEmirati
Other namesMohamed Ali Rashed Alabbar
OccupationFounder of Emaar Properties
Known forEmaar 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.

Life[edit]

Mohamed Alabbar was born in Dubai and is the eldest of 12 children.[1] 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.[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.[3][4]

Career[edit]

After college, Alabbar started off his career with the Central Bank of the United Arab Emirates as a banking manager.[1] 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).[1][5] 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.[6][7] Alabbar worked with Sheikh Mohammed bin Rashid Al Maktoum to drive the development and growth of both Dubai's tourism industry and global reputation.[5][8] 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.[9] That same year, Alabbar was selected by Advertising Age as one of their International Marketing Superstars of the year.[2][10]

Dubai Crown Prince Endurance Cup 23 March 2013

Various positions[edit]

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.[11]

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.[11] Alabbar also sits on the board of Noor Investment Group, an affiliate of Dubai Group, the leading diversified financial company of Dubai Holding.[12] In March 2015, Capital City Partners, a real estate investment fund led by Alabbar, announced plans to build a new capital in Egypt.[13] Also in 2015, Alabbar, who sits on the board of Eagle Hills, announced plans to develop the largest mall in the Balkans in Belgrade.[14]

Emaar Properties[edit]

Emaar Properties, one of the world's largest property developers, was founded by Alabbar in 1997.[15] 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.[15]

Board memberships[edit]

Alabbar has served as a member of the Dubai Executive Council and the Dubai Economic Council.[16] As vice chairman of Dubai Aluminum Company (DUBAL), Alabbar has contributed to the growth of the country's non-oil sector.[16] He also served as vice chairman of Dubai World Trade Center and chairman of Dubai Cable Company.[16]

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.[17] 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)[18] , the developer of The Dubai Mall, and Manara Developments in Bahrain.

Personal life[edit]

Mohamed Alabbar competes in the Sheikh Mohammed bin Rashid Al Maktoum Endurance Cup 2013

Alabbar is also an active member of the UAE's endurance horse racing community.[19]

Mohamed Alabbar taking part in Emirates Challenge 5th Jan 2013, Wathba

See also[edit]

References[edit]

  1. ^ a b c d e Stanley Reed (1 July 2007). "The Master Builder Of The Middle East". Business Week. Retrieved 16 September 2014. CS1 maint: discouraged parameter (link)
  2. ^ a b Sonia Tita Puopolo (2 August 2007). "Mohamed Ali Alabbar: The Mover and Shaper of Dubai". Haute Living. Retrieved 16 September 2014. CS1 maint: discouraged parameter (link)
  3. ^ "Seattle University Albers School of Business and Economics" (PDF). Seattle University. 2010. Retrieved 16 September 2014. CS1 maint: discouraged parameter (link)
  4. ^ K.T. ABDURABB (13 June 2007). "Seattle University Honors Alabbar". Arab News. Retrieved 16 September 2014. CS1 maint: discouraged parameter (link)
  5. ^ a b Dhanusha Gokulan (26 January 2014). "A look back into future of the Dubai Shopping Festival". Khaleej Times. Retrieved 17 September 2014. CS1 maint: discouraged parameter (link)
  6. ^ Matthew Boyle (2007). "5 in Power Positions" Mohamed Bin Ali Alabbar". Forbes. Retrieved 17 September 2014. CS1 maint: discouraged parameter (link)
  7. ^ 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.
  8. ^ "The 500 most powerful Arabs in the World". Arabian Business. 2013. Retrieved 17 September 2014. CS1 maint: discouraged parameter (link)
  9. ^ Lekha Rai (9 December 1996). "DUBAI SHOPPING FESTIVAL MOHAMMED ALABBAR". Advertising Age. Retrieved 17 September 2014. CS1 maint: discouraged parameter (link)
  10. ^ Anil Bhoyrul (31 March 2013). "Mohamed Alabbar: The only way is up". Arabian Business.
  11. ^ a b "Alabbar wins ABANA Award 2012". Khaleej Times. 16 February 2013. Retrieved 17 September 2014. CS1 maint: discouraged parameter (link)
  12. ^ "Board of Directors: Mohamed Ali Rashid Alabbar". Al Salam Bank Bahrain. 14 March 2013. Retrieved 17 September 2014. CS1 maint: discouraged parameter (link)
  13. ^ "Egypt unveils plans to build new capital east of Cairo". BBC. 13 March 2015. Retrieved 1 July 2015. CS1 maint: discouraged parameter (link)
  14. ^ Barnard, Lucy (26 April 2015). "Mega-project for Abu Dhabi's Eagle Hills in Belgrade". The National. Retrieved 1 July 2015. CS1 maint: discouraged parameter (link)
  15. ^ a b Jeffrey L. Covell (2014). ""Emaar Properties PJSC." International Directory of Company Histories. Ed. Jay P. Pederson". 148. St. James Press. Cite journal requires |journal= (help)
  16. ^ a b c "Speakers 2012". Forbes Global CEO Conference. 2012. Archived from the original on 2014-09-17. Retrieved 17 September 2014. CS1 maint: discouraged parameter (link)
  17. ^ "Tradewinds Chaired by Alabbar Launches AED 4.5bn Perdana Quay in Malaysia". Entrepreneur Middle East. 11 April 2014. Retrieved 17 September 2014. CS1 maint: discouraged parameter (link)
  18. ^ "Emaar Malls AGM approves cash dividend of Dh1.3 billion" – via Emirates 24|7.
  19. ^ "Mohamed Ali Alabbar". Global Competitiveness Forum. Retrieved 16 September 2014. CS1 maint: discouraged parameter (link)