100 Most Powerful Arabs 2018
Wed 27 Jun 2018 09:18 AM
Moafaq Al Gaddah

Company: MAG Group Holding

Designation: Founder and chairman

Moafaq Al Gaddah is an award-winning Emirati entrepreneur, multi-billion dollar business leader and philanthropist. As founder and chairman of MAG Group Holding, his entrepreneurial journey began in 1978 when he launched an automotive spare parts company in Abu Dhabi before quickly diversifying into oil and lubricants.

At the turn of the millennium, the MAG group turned its attention to manufacturing and real estate, with the first development arriving in 2003 with MAG 214 in Jumeirah Lakes Towers.

To date, the company has completed several developments, including the Emirates Financial Towers in the Dubai International Financial Centre, as well as projects in Syria and Texas, US.

MAG Group Holding now encompasses more than 50 companies and employs over 2,000 people around the world in the manufacturing, auto parts, real estate, contracting,  hospitality, pharmaceuticals, healthcare, the marine industry and logistics sectors. The group is headquartered in the UAE and has offices in China, Iraq, Turkey and the USA. In 2018, Al Gaddah received the “Outstanding Contribution Award” at the Arabian Business Real Estate Awards. In 2017, he was honoured by the Asian Business Leadership Forum (ABLF) with the Business Excellence Award.

A champion of educational opportunities, Al Gaddah has supported the elementary education of Syrian students at a number of schools across the UAE, provided scholarships for Syrian students at University of Balamand in Lebanon, and supported a number of initiatives, including participation in “Sons of Zayed Umra” programme for individuals with special needs.