United Arab Emirates
The accolades just keep coming for Mohamed Alabbar, who has done more than most to cement the reputation of Dubai as a global hub for tourism. As boss of Emaar since 1997, Alabbar’s place in history is already secure. He will be long remembered as the driving force behind the development of the iconic Burj Khalifa, though equally impressive has been the manner in which he has successfully diversified the company. Emaar is now involved in hospitality and leisure, malls, education, healthcare and financial services. With six business segments and more than 60 active companies, Emaar has a collective presence in several markets spanning the Middle East, North Africa, Pan-Asia, Europe and North America. The Dubai Mall saw a whopping 65 million visitors last year.
But away from the property giant, the company’s boss has been spending an increasing amount of time on his own private venture, a mining company with extensive operations largely in Africa. The result is that, barely three years since Africa Middle East Resources (AMER) was created, Alabbar has created a mega mining empire.