Built to inform

Sign up for the daily newsletters

No, Thank you
Mohammed Alabbar
2

Mohammed Alabbar

Chairman, Emaar
Hasan Abdulla Ismaik
Bakr Bin Ladin

Developers are back in the spotlight in 2013 after a tough five years and Emaar’s success saw Mohammed Alabbar narrowly miss the top spot in this year’s Power 100.

He has been at the helm for 16 years and his company remains the UAE’s prime developer. Its jewel remains of course the Burj Khalifa – but it now boasts more than 60 active companies in six segments.

This year he has suggested a floating bridge to link The World islands with mainland Dubai and indicated his company could go higher when Saudi’s 1,000m Kingdom Tower becomes the world’s tallest building in 2018. “I think we may go a little higher…technology has improved,” he said mischievously in May.

He has criticised the lack of infrastructure spend in the Arab region. He said Emaar’s expansion plans in the region were hampered by governments ignorant of dealing with the private sector.

His company has also enjoyed 12 months of buyer frenzy reminiscent of the property boom with off-plan releases sold out within hours. At the new Mira development properties were up for resale within hours at up to 40% more leading the developer to ban buyers from future sales if they are caught flipping.

But Alabbar reluctantly accepted it will never go away. He said: “Even though we learned a big lesson four years ago, people forget. Greed is in our DNA.”

Other player

Kez Taylor
1
ALEC
Yu Tao
2
CSCEC ME
Hamish Tyrwhitt
3
Arabtec Holding / Depa Group
Emad Azmy
4
Emad Azmy
Dr Eng Sani Sener
5
TAV Group
Samer Khoury
6
Consolidated Contractors Company (CCC)
Mohamed Alabbar
8
Emaar Properties
Stephen Flint
9
Khansaheb Civil Engineering
Patrick McKinney
10
BAM International

Awards

Deadline approaches for CW Oman Awards 2020 in Muscat
You have until 20 January to submit your nominations for the ninth edition of the
Construction industry conversations around digitisation must evolve
The Middle East construction industry’s approach to tech must evolve and focus on how can

Conferences

CW In Focus | Inside the Leaders in KSA Awards 2019 in Riyadh
Meet the winners in all 10 categories and learn more about Vision 2030 in this
CW In Focus | Leaders in Construction Summit UAE 2019
A roundup of Construction Week's annual summit that was held in Dubai this September

Latest Issue

Construction Week - Issue 758
Feb 08, 2020