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On
Sunday, His Highness Sheikh Ahmed Bin Saeed Al Maktoum, President of Dubai Civil Aviation and Chairman & CEO of Emirates
Group, presented the Leadership Award instituted by the Arabian Hospitality Investment Conference (AHIC) to Mr Mohamed Ali Alabbar, Chairman,
Emaar Properties. The award honours Mr Alabbar’s thought-leadership and pioneering initiatives in driving the hospitality, leisure and
tourism sectors in the UAE.
Emaar, one of the world’s largest property developers, has expanded into the hospitality & leisure sector through a diversified portfolio of
hotels, serviced apartments, golf courses and other leisure amenities. Today, the development value of Emaar’s hospitality assets,
managed by the company’s wholly-owned subsidiary Emaar Hospitality Group, stands at
roughly AED 3.67 billion (US$1 billion).
Emaar
also recently unveiled its own brand of five star premium hotels, The Address Hotels &
Resorts, to further drive its global expansion in the hospitality
sector.
Mr Alabbar is a member of the Dubai Executive Council, and serves on the board of directors of the Investment Corporation of Dubai
(ICD) and Noor Investment Group. He spearheads Emaar’s high-profile global expansion in 36 markets and chairs John Laing Homes in the USA
and Hamptons International in the UK as well as a joint venture with Italy’s Giorgio Armani to set up a global Armani-branded luxury hotel
and resort chain.
Mr Alabbar
said, “Dubai’s ambitious growth strategy of 11% annual GDP growth, as outlined in the Dubai Strategic Plan by His
Highness Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President & Prime Minister and Ruler of Dubai, is powered by two key
drivers: Tourism and services. Dubai has already cemented its global standing as a premier hospitality & leisure destination through
investments in these two sectors, which hold tremendous growth potential.”
“As the catalyst of the tourism sector, the hospitality industry plays a defining role in shaping the prospects of a destination.
Dubai’s evolution as the tourism hub has inspired the international investment community to further explore the city’s potential in
hospitality. Emaar is privileged to contribute to the overall dynamism of the tourism sector through our diverse
portfolio,” Mr Alabbar added.
Emaar’s hospitality portfolio
currently includes the Al Manzil, Qamardeen and The Palace, The Old Town hotels in Downtown Burj Dubai; the Arabian
Ranches Golf Club and The Montgomerie, Dubai; the Dubai Polo & Equestrian Club; Nuran Serviced Residences; and the Dubai Marina
Yacht Club.
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