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AHIC confers Leadership Award to Mohamed Ali Alabbar, Chairman, Emaar Properties

Search ASIA Travel Tips .com Latest Travel News Send to Friend Tuesday, 6 May 2008

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 Alabbars thought-leadership and pioneering initiatives in driving the hospitality, leisure and tourism sectors in the UAE.

Emaar, one of the worlds 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 Emaars hospitality assets, managed by the companys 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 Emaars 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 Italys Giorgio Armani to set up a global Armani-branded luxury hotel and resort chain.

Mr Alabbar said, Dubais 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. Dubais evolution as the tourism hub has inspired the international investment community to further explore the citys potential in hospitality. Emaar is privileged to contribute to the overall dynamism of the tourism sector through our diverse portfolio, Mr Alabbar added.

Emaars 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.

See other recent news regarding: Travel News AsiaPromotions, New Hotels, Dubai, Arabian Hotel Investment Conference, Awards, Emaar

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