Associated with the event since its inception, Emaar will be the Regional Summit Partner of the strategic regional meet, which this year addresses the core theme, 'Putting Diversity to Work.' Mr Mohamed Ali Alabbar, Chairman, Emaar Properties and Director General, the Dubai Department of Economic Development (DED), will address the Plenary Session titled 'Driving for Diversification.'
"Emaar is one of the pioneering examples in successful public-private partnerships that energize the economy through tangible growth initiatives. Emaar's growth reflects on Dubai's forward looking policies that encourage businesses to invest, innovate and prosper through effective diversification," said Mr Alabbar.
He added: "This also reflects the Dubai Strategic Plan for 2007 - 2015 unveiled by UAE Vice President and Prime Minister and Ruler of Dubai His Highness Sheikh Mohammed Bin Rashid Al Maktoum. The Dubai Strategic Plan, with its emphasis on non-oil resources led growth, serves as a roadmap for governments in the region that are increasingly focused on diversifying their economies."
Emaar Properties, through its two-pronged approach of geographic expansion and business segmentation, today has a significant presence in the Middle East and North Africa region, the Indian Subcontinent, South Asia, the US and Europe. Emaar is developing a mixed-use project in Jordan, the Samarah Dead Sea Golf & Beach Resort. The company has diversified into healthcare, education, malls, industries and investment, finance and hospitality & leisure.
This year, the WEF Middle East meeting spotlights on efforts at accelerating economic diversification while emphasizing on the urgency of promoting peace and understanding. WEF's Middle East meets have been instrumental in streamlining new growth opportunities by serving as a platform for international think-tanks and regional leaders to share their experiences.
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Emaar Properties highlights diversification model as Regional Summit Partner of World Economic Forum in Jordan
- United Arab Emirates: Thursday, May 17 - 2007 at 08:38
- PRESS RELEASE
Emaar Properties, the Dubai-based public joint stock company with a global presence in 16 countries, will highlight its diversification model at the World Economic Forum (WEF) Middle East meeting to be held at Dead Sea, Jordan from May 18 to 20.
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About Emaar Properties PJSC:Emaar Properties PJSC is one of the world's largest real estate companies and is rapidly evolving to become a global provider of premier lifestyles. Powered by its Vision 2010 to become one of the most valuable companies in the world, Emaar is charting a new course of growth with a two-pronged strategy of geographical expansion and business segmentation.
Replicating its successful business model in Dubai, Emaar is extending its expertise in creating master-planned communities to international markets. Emaar is also developing new competencies in malls, hospitality & leisure, education, healthcare, finance and industry, which have evolved from its integrated approach to customer service and property development.
Listed on the Dubai Financial Market, part of the Dow Jones Arabia Titans Index and certified to ISO9001:2000 for quality standards, Emaar is developing Burj Dubai, on its way to become the world's tallest tower, and The Dubai Mall, one of the world's largest shopping and entertainment destinations. In Saudi Arabia, Emaar is developing King Abdullah Economic City, the region's largest private sector-led project. Emaar's portfolio currently covers the following countries: the UAE, Saudi Arabia, Jordan, Syria, Lebanon, Morocco, Egypt, Turkey, Libya, India, Pakistan, Indonesia, the US, the UK, France and Canada.
An award-winning developer, Emaar has strengthened its product sale competencies, market reach and best practices through strategic acquisitions and joint ventures. Emaar acquired John Laing Homes, America's second largest privately held home builder; Hamptons International, UK's premier realtor; and formed a joint venture with US-based Turner International to strengthen execution capabilities.
Emaar has joined hands with Giorgio Armani and Accor Hotels to strengthen its presence in hospitality, and will launch ten luxury Armani resorts and hotels world-wide and 100 Formule 1 budget hotels in India. The company is opening educational institutions and healthcare centres in South Asia, Middle East and North Africa and the Subcontinent. Emaar acquired Singapore-based leading education provider, Raffles Campus, to extend expertise to its educational institutions.
Emaar holds 30 per cent equity in Dubai Bank, focused on retail and commercial banking. Emaar is also the largest shareholder in Amlak Finance, UAE's leading Islamic home financing company.
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Posted by Anne-Birte Stensgaard, Senior News EditorThursday, May 17 - 2007 at 08:38 UAE local time (GMT+4)
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