Wednesday 28 November 2012

MIDEAST MONEY-High-flying Dubai managers back in charge as crash fades | Reuters

When Dubai's ruler unveiled plans last week to build a complex housing 100 hotels and the world's biggest shopping mall, the scale of his ambitions recalled the emirate's boom half a decade ago. So did his choice of executives to lead the project.

Mohammed Alabbar, builder of the world's tallest tower, signed documents related to the project in his role as chairman of Emaar Properties, Dubai's top real estate firm.

Sitting next to him was Mohammed al-Gergawi, chairman of Dubai Holding, a conglomerate owned by the ruler. Gergawi played a central role in setting up districts housing Dubai's financial, media and information technology industries.

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