Mohamed Alabbar: All you need to know
* Mohamed Alabbar has been chairman of Emaar Properties since 1997
* He bought stakes in Yoox Net-A-Porter, Aramex and Kuwait Food Co
* He is among top economic advisers to HH Sheikh Mohammed
Emirati business mogul Alabbar has made headlines after announcing collaboration plans with Saudi Arabia to launch a Middle East-focused e-commerce platform. (Read the announcement here)
The Dubai-based businessman has a long, successful career in the larger corporate world and entrepreneurship alike.
(Alabbar plans messaging app to rival WhatsApp, read about this here)
Here is what you need to know about Mohamed Alabbar.
Building a name in property
Alabbar made his name serving as the chairman of Emaar Properties since 1997. Emaar is the builder of the world’s tallest tower Burj Khalifa and the owner and operator of the world’s largest shopping mall, The Dubai Mall. Both structures are in Dubai.
Alabbar’s recently announced Middle East e-commerce platform is not his first investment in e-commerce. He has made several efforts earlier to support the industry. This included buying a stake in Italian online retailer Yoox Net-A-Porter (YNAP), Dubai-listed logistics firm Aramex and Kuwait Food Co (Americana).
(Alabbar buys stake in Yoox Net-A-Porter, read here)
Mohamed Alabbar served as the director-general of the Dubai Department of Economic Development, for a period of time.
He is also among the top economic advisers to His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.
Alabbar also serves as a member of Dubai Executive Council and the Dubai Economic Council.
His other past and present business involvements include:
Dubai Aluminum Company – Vice-Chairman
Dubai World Trade Center – Vice-Chairman
Dubai Cable Company – Chairman
Africa Middle East Resources – Founder and Chairman
Tradewinds Corporation – Chairman
Eagle Hills – Board Member
The Economic City – Chairman
Emirates Stock Exchange Authority – Board Director
Dubai Chamber of Commerce – Board Director
National Bank of Dubai – now Emirates NBD – Board Director
Amlak Finance Company – Chairman
Gulf International Investment Group – Director
UM Land in Malaysia – Chairman
Smelter Asia – Chairman