The board of Emaar Properties has been expanded to 11 members from eight with the replacement of four members being interpreted as a dilution of government influence at Dubai’s biggest real estate company. Majid Saif al-Ghurair, a businessman, Saeed al-Tayer, chief executive of the Meydan racecourse project, as well as representatives from Investment Corporation of Dubai, the state holding company, and the ruler’s court were not reappointed after two three-year terms. New government representatives have been named, but the board’s expansion under Mohammed Alabbar, the founding chairman, is expected to afford the developer more autonomy as the Dubai blue-chip stock, about one-third owned by the government, seeks to drive the wounded real sector back to growth.
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