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Emaar Chairman receives honorary doctorate from Seattle University

  • United Arab Emirates: Tuesday, June 12 - 2007 at 14:56
  • PRESS RELEASE

Emaar Chairman Mohamed Ali Alabbar received an honorary doctoral degree in humanities from his alma mater Seattle University at the university's graduate school commencement ceremony held in the northwest American city on June 10, 2007.

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  • Mohamed Ali Alabbar (left) receives an honorary doctoral degree in humanities from Seattle University President Stephen V. Sundborg, S.J.
    Mohamed Ali Alabbar (left) receives an honorary doctoral degree in humanities from Seattle University President Stephen V. Sundborg, S.J.
The Emaar chairman joins such world leaders as Nelson Mandela, Archbishop Desmond Tutu and former Philippines President Corazon Aquino in the university's distinguished group of recipients.

The honorary degree was awarded by the Seattle University Board of Trustees in recognition of Mr. Alabbar's economic and cultural contributions. Seattle University President Stephen Sundborg, SJ, said the university was proud to include Mr. Alabbar among its distinguished group of honorees.

"Honorary degree candidates, by their life and work, represent ideals and values that the university seeks to foster and model," Fr. Sundborg said. "Mr. Alabbar's notable professional achievements in business, economic development and public service, both in Dubai and throughout the Middle East region, speak directly to the university's mission. Seattle University is very proud to have him as an alumnus."

After the degree presentation, Mr. Alabbar addressed the university's graduate school as the main speaker for the 2007 graduates and their families. Mr. Alabbar, a 1981 graduate of the university's Albers School of Business, spoke about the life lessons he learned at the university, shared his insights about the contemporary world of international business and advised students to engage directly with the Arab and Muslim world.

"Seattle University taught me what it means to be truly open-minded, to appreciate the beauty and value of human diversity," Mr. Alabbar said.

"People who fit in and thrive in today's diversity-led world will be the success stories of today and tomorrow. Multiculturalism is the new global currency."


Mr. Alabbar also exhorted the graduating students to believe in themselves and their ability to effect change, to take risks and to continue learning every day.

"I've learned success - both personal and professional - is determined by three things: How we think, how we act, and what we believe in," he said. "Quite possibly the most important lesson I've learned is that attitude determines altitude: How far you go, and how high you rise, depends on how you think and what you think about."

More than 500 advanced degree students and 2,500 guests attended the Sunday afternoon graduation ceremony, held at the Qwest Field stadium in Seattle. Seattle University is among the top 10 schools in the Western United States offering a full range of master's and undergraduate programs.
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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 retail, hospitality and 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.

For further information, please contact:

Sunil John / Kelly Home
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Tel: (+971 4) 334 4550
Fax: (+971 4) 335 6080

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