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Sun 28 Nov 2010 03:46 PM

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Mohamed Alabbar to deliver keynote speech on economy

Emaar chairman to address Arabian Business Forum on Monday

Mohamed Alabbar to deliver keynote speech on economy
MOHAMED ALABBAR: Arabian Business ranked him fourth in its 2010 list of Power 100: The Worlds Most Influential Arabs.
Mohamed Alabbar to deliver keynote speech on economy
Mohamed Alabbar to deliver keynote speech on economy
2# Mohammed Alabbar\n

Chairman, Emaar Properties, UAE\n


It’s been a difficult year for Emaar Properties; probably its toughest yet. Latest figures show that Emaar Properties declared a loss of AED1.77bn ($482m) during the fourth quarter of 2008. Revenue fell to AED3.50bn ($953m) from AED5.14bn ($1.4bn) in the fourth quarter of 2007. Nevertheless the developer still managed to report annual net operating profits of AED5.6bn ($1.519 bn).\n

But while the figures are heading south, Mohammed Alabbar’s own stock continues to steadily rise.

Emaar chairman Mohamed Alabbar is to make a major speech on the state of the region’s economies, at the Arabian Business Economic Forum being held on Monday.

Alabbar will address the current challenges being faced by companies, and speak on the outlook for business across the GCC.  Following the speech, Alabbar is to take part in a debate on the state of the economy with the Forum moderator, BBC Television presenter Andrew Neil.

His speech is one of four major speeches being made at the event, which is being held under the patronage of His Highness Sheikh Ahmed. Other speakers will include Alshaya Group Executive Chairman Mohammed Alshaya, the former DFSA chairman Dr. Habib Al Mulla and His Highness Sheikh Maktoum Hasher Al Maktoum.

Alabbar is widely regarded as one of the region’s most respected business leaders. Currently, he is spearheading Emaar's strategy of global expansion and business segmentation into healthcare, hospitality & leisure, shopping malls and financial services.

He heads Emaar's partnership with Italy's Giorgio Armani to develop the Armani-branded luxury hotel and resort chain in key international destinations. The first Armani Hotel opened in the Burj Khalifa in April 2010. He is also the chairman of Africa Middle East Resources, which provides strategic insights into unlocking the value of natural resource opportunities in Africa, the Middle East, Central Asia and the Subcontinent.  He is also chairman of RSHLtd., a Pan-Asian retailer for branded lifestyle products.

Arabian Business ranked him fourth in its 2010 list of Power 100: The World's Most Influential Arabs.

The forum is being held from 9.30am on Monday at The Armani Hotel, Dubai

Amir 9 years ago

I think he is one of the best CEO in the world and he built up and managed Downtown of Dubai on short time and he managed the company in crisis time well ......

dalia 9 years ago

God bless him . he deserves all the best .

Ahmed Kunhamoo.K 9 years ago

Fantastic personality who is a role model for all the young Arabs, especially the UAE younsters.Insha Allah he will take the UAE to greater heights!

Telco guy 9 years ago

@Amir yes, this same newspaper is discussing how Emaar is dealing with the issues. I wonder if contractors are as happy as you are....