Arabian Business Power 500 2013
Thu 21 Mar 2013 10:28 AM
Namir Al Akabi

Namir Al Akabi

Industry: Construction

Company: Almco Group of Companies

Designation: CEO

Country: Iraq

Namir Al Akabi was amongst the first in a new wave of entrepreneurs who moved in to seize opportunities in the country after the US-led invasion in 2003.

Starting from scratch, Al Akabi built up the Almco Group of Companies, which is headquartered in Baghdad, but which also has offices in Dubai, Amman, Kuwait, Cairo, India and London.

Almco employs 17,000 people and has made its name by providing a whole host of services, from sanitation to construction, and from manufacturing to logistics. Al Akabi is also owner and group chairman of Amwaj International, a subsidiary of Almco, which focuses on real estate development. One of its biggest projects is the $238m Baghdad Gate, which includes a five-star hotel, 3,500 residential units and a shopping mall.