50 Most Admired: Developers

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THE GCC'S TOP 50 MOST ADMIRED COMPANIES: DEVELOPERS

DEVELOPERS
Though we have seen in recent years how a developer’s vision can be cut down by the whims of a globalised marketplace, it is the developers that truly transform landscapes and define the future opportunities for residents and new inhabitants. CW looks at those that have survived the best and can look at the second half of the year with the most optimism

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FEATURED COMMENT Very surprising! Mazaya's performance in Dubai for Q-Point and Villa projects is very questionable. Transparency and com   3 Comments Read more comments »

AL MAZAYA HOLDINGS
There is little doubt that when more big infrastructure projects in Kuwait hit the market, Al Mazaya will be within the mix, bidding and winning. The company has already left a significant mark on its home country, with the Global Tower (home of analysis powerhouse Global Investment House), the Kuwait Business Town and the 19-floor Clover Medical Centre among its successes, not to mention the innovative Seven Zones project. The Dubai-Kuwait dual-listed company still boasts a market capitalisation just shy of KD50 million and, perhaps quieter than some of its rivals in the UAE, has had a strong last year. A full subscription to its IPO in Qatar, profits in 2009 exceeding KD30 million and the acquisition of First Dubai and Waterfront are among recent achievements.