Emaar Properties’ chairman Mohamed Alabbar claims that 2009 will mark a new chapter in the developer’s growth, in spite of the difficult climate, as Emaar explores new opportunities.
“We will focus on adapting to the changing circumstances. Our strategy of business segmentation and geographic expansion has proven its effectiveness, and we will continue along this path.”
With significant milestones imminent, such as the opening of Burj Dubai, the world’s tallest building, following the addition of two more properties to its hospitality portfolio in 2008 – The Address, Dubai Marina and The Address, Dubai Mall – in 2009, the company says that it plans to continue with recently unveiled projects in Egypt, Morocco, Saudi Arabia, India and Indonesia.
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