World's 100 Most Powerful Arabs 2014
Wed 26 Mar 2014 03:56 PM
Ali Hamad Lakhraim Alzaabi

Company: Lakhraim Business Group

Designation: Chairman

Country: UAE

He is the chairman and founder of the Lakhraim Business Group (LBG), a dynamic and highly respected group of companies with investments and ventures in various market segments across the Middle East & Africa. LBG has already grown significantly since its inception and now holds a diverse range of interests across hospitality, F&B operations, investments in service-related businesses and real estate.

As founder, president and CEO of Millennium & Copthorne, Middle East & Africa (MEA), Alzaabi has created one of the region’s fastest-growing hotel groups with 17 operating properties and over 30 properties in the pipeline.

Mr
Alzaabi’s involvement in the MEA hospitality sector extends beyond
Millennium & Copthorne,
with a number of investment companies operating across a spectrum of
market segments and holding assets worth more than US $3billion. Mr
Alzaabi’s philanthropic endeavours include the development of Hamad
Centre for Special Needs in Abu Dhabi, a not for profit
organization dedicated to helping children with Autism. He is also
Sponsor of the “The Ali Alzaabi Young Business Leaders Scholarship Fund”
at American University of Sharjah.