Giants from the Middle East transport, retail, construction, logistics and media sectors have made the biggest advances in the
Arabian Business Power 100
stormed into the top 10 this year, while Aramex chief
also made significant jumps up the list. Click
to see the full Power 100 2010 list.
The Air Arabia chief was the
biggest climber, moving from a lowly 87th in 2009 to 8th this year after being credited with bringing low cost air travel to the Gulf region.
He has become the Gulf’s answer to
while Ali's distinctive leadership style is likened to that of fellow carrier supremo Sir Richard Branson.
Leaping 42 places this year to number 28 is Riad Kamal, CEO,
Arabtec Holding, the Gulf’s biggest construction and engineering company
which is poised for a 70 percent buyout from Abu Dhabi government-owned investment vehicle Aabar.
If the deal goes through, Arabtec will have the financial muscle to expand aggressively throughout the the Middle East and possibly beyond.
Another big mover in the
is Fadi Ghandour, founder and CEO,
who rises from 27th to 9th.
Jordanian Ghandour has been at the head of Aramex for the past 26 years, while he is also a founding partner in Maktoob.com, the world’s largest Arab online community.
Elie Khouri, CEO,
Omnicom Media Group
(MENA) has jumped 42 places in our
compared to last year and is now ranked number 17.
As one of the region’s top media personalities, Khouri is now leading the advertising industry’s move into the digital arena, targeting social networking sites as “where the action will be".
Retail magnate Mohammed Alshaya, executive chairman of Kuwait-based MH Alshaya Co, completes our list of top risers in the
2010 Power 100
He's up 18 places to 22nd after building an empire of more than 1,700 franchise stores in 16 countries employing 18,000 people from 35 nationalities and is worth around $2bn.
Dubai’s latest shopping mall
Mirdif City Center
features 29 of his brands. He’s spent $40m on the project and trained 700 people to manage and staff the various stores.For all the latest business 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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