It is great to see Emaar’ supremo Mohamed Alabbar looking for a challenge. Dubai and certainly the emirate’s real estate sector needs dynamic personalities like him to help pull it through its current crisis.
As alifarabia.com observed in a recent report (Is Dubai Back?), we believe the emirate has gotten over the ‘hump’ of its problems amid better domestic business conditions and stands to be a beneficiary of business diverted its way on account of turmoil in the rest of the region.
To his credit, Mr. Alabbar was one of the last few men standing as Dubai went through a painful restructuring which saw many high-profile heads roll. But Emaar and Mr. Alabbar pulled through and launched the world’s tallest tower in the world, an 828-metre colossus that is the Burj Khalifa.
No comments:
Post a Comment