Arabian Business Power 500 2013
Thu 21 Mar 2013 10:28 AM
Nabil Habayeb
170

Nabil Habayeb

Industry: Industry

Company: GE

Designation: President, Middle East

Country: UAE (Lebanon)

Nabil Habayeb is the Middle East, North Africa & Turkey region President and CEO of General Electric, the biggest maker of power-generation equipment. From Dubai he has been steering the company’s expansion and development across the region.

Habayeb, a native of Lebanon and a mechanical engineering graduate of Syracuse University joined GE Power Systems’ Field Engineering Programme in 1982.

Habayeb expects “double digit growth” in its sales from the Middle East, North Africa, Turkey and Pakistan, as governments invest billions of dollars in their infrastructure, move towards energy efficiency and meet the needs of their growing populations. In Libya alone, Habayeb estimates as much as $10bn in revenue from Libya, as the North African country vies to rebuild its economy, infrastructure, and institutions, and respond to the demands of its population. In 2011, GE earned about $8.6bn in revenue from the region.

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