The founder of the Dubai-based Sobha Group has scored one clear success this year – possibly his biggest to date.
In May, the company announced the formation of a joint venture with Dubai’s Meydan Group to develop a 400-hectare residential scheme with the Mohammed Bin Rashid mega-city project.
Known as Mohammed Bin Rashid City District One, it will contain over 1,400 villas, built in four overlapping three-year phases. In total, Sobha Group expects the project to take seven years. It is 60% green space, featuring 7km of waterways, and a 350,000m2 freshwater lagoon.
Menon, who started in business in Oman in 1976 offering interior decoration works, is now in charge of a group with a turnover of $600m and 28,000 employees. Its primary interests are in construction and development, with arms in MEP, joinery, software development, building design, facades and cladding.
“I made my beginning in Oman, and then after some time we came to the UAE – 25 years back,” he told Construction Week.
“Then we went to India about 20 back and started Sobha Developers.”
The company, which he named after his wife, has built around 50 million ft2 of property and has operations in the UAE, India, Oman, Qatar, Bahrain and China.
“We are a developer and a contractor, so we play both roles. On the contractor side, we deliver about seven to eight mllion ft2 per annum.”