Dubai-based Gemini Property Developers on Wednesday announced the appointment of a new CEO to lead construction of AED800 million ($218 million) worth of new projects in the emirate.
The move comes at a time when Gemini has started handing over of a AED300 million Splendor project at Sobha Hartland within MBR City.
It is also focusing on further AED800 million worth of new projects in Business Bay and Dubailand with a portfolio in luxury and affordable housing, a statement said.
It added that the new CEO Sunil Gomes, a UK citizen, brings a wealth of 30 years real estate experience having lived and worked globally including Latin America, Europe, Caribbean and the Middle East.
During his GCC region tenure, Sunil has held top level positions working for blue chip government players, delivering world class and iconic master planned communities and managed major projects across all real estate asset classes.
"Our decision to appoint Sunil Gomes was based on his distinguished career and extensive experience in the global real estate development, and his track record in delivering major projects," said Sudhakar Rao, chairman, Gemini Property Developers.
"Sunil’s professional background corresponds with the company’s current plans to pursue a real-estate development strategy that contributes to profitability, boosting the financial position, high returns on Gemini’s assets and a sustainable revenue growth”, he added.For all the latest construction news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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