Arabian Business Power 500 2013
Thu 21 Mar 2013 10:28 AM
Hesham Al Sahtari

Hesham Al Sahtari

Industry: Property

Company: Ezdan Real Estate

Designation: CEO

Country: Qatar

Hesham Al Sahtari leads Ezdan the largest Middle East developer by market value. The economic downturn, coupled with the slowdown in the Gulf’s construction market, has marked a challenging few years for the firm, but it looks like the tables, under the watchful eye of Sahtari, could be starting to turn.

Ezdan Holding Group reported a 18 percent increase in profit last year over the 2011 results with net income reaching QR408.7m (US$112m).

The company was founded 47 years ago and was previously known as Thani Bin Abdullah Housing Group.  Among the projects that Ezdan is working on are: Al Wahab Tower, Ezdan International School, and Ezdan Mall.

The company’s profile is likely to rise even higher as Qatar starts to build out infrastructure in advance of the FIFA World Cup in 2022. The country has earmarked an estimated $130bn on new housing and new transport schemes.