• To lead Emaar's portfolio of development value $6.87bn
• Delmar has over 25 years of international industry experience
Mr Delmar brings over 25 years of international industry experience and will report to Issam Galadari, Managing Director, Emaar International - Middle East and North Africa.
"Mr Delmar is an accomplished professional and has proven his experience in project design, development and construction in Switzerland and other international markets," said Mr Galadari.
"He has held senior management positions with top architectural and real estate companies, and is mandated to give an international outlook for Emaar Morocco's operations."
Emaar Morocco has unveiled three master-planned projects - Tinja, Oukaimeden and Saphira - as part of a MAD42.6bn.
Memorandum of Understanding with the Moroccan Government under the patronage of His Majesty King Mohammed VI, King of Morocco. Emaar Morocco has also joined hands with Onapar, part of the ONA Group, to develop the MAD2.6bn Amelkis II and III, and the MAD9.56bn Bahia Bay.
"Emaar has proven its expertise in creating world-class master-planned projects that usher in a new lifestyle opportunity," said Mr Delmar. "Emaar Morocco will uphold the exemplary track-record of Emaar, while being committed to the overall socio-economic development of the Kingdom through strategic partnerships, creating job opportunities for the youngsters and supporting ancillary industries."
He added: "Emaar Morocco's projects complement the efforts of the Moroccan Government in strengthening various growth sectors including tourism. Each has an unparalleled identity that will appeal to the Moroccans as well as to the international community, who are looking at investment opportunities in the Kingdom."
Born in Morocco and having spent a considerable part of his early years in the Kingdom, Mr Delmar has a Masters of Science in Architecture and Urban Design from Columbia University in New York, USA, and a Bachelor of architecture from Cogswell Polytechnical in San Francisco, where he received a national award for his work on solar architecture. During his activity he has been a member of several professional associations in Switzerland including the 'Registre A des architectes', the SIA or 'Société des Ingénieurs et des Architectes Suisses' and the Swiss College of Experts.
Emaar's expansion into Morocco is in line with its Vision 2010 to become one of the most valuable companies in the world through a two-pronged approach of geographic expansion and business segmentation. Emaar has already diversified into education, healthcare, shopping malls, finance and hospitality & leisure, and is exploring growth opportunities in these sectors in Morocco too.
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Emaar Morocco appoints Yves Delmar as CEO
- United Arab Emirates: Wednesday, October 24 - 2007 at 15:01
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Emaar Properties has appointed Yves Delmar as CEO of Emaar Morocco to lead a diversified portfolio of master-planned projects of development value MAD54.75bn.
Emaar Properties has appointed Yves Delmar as CEO of Emaar Morocco.
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Posted by Lara Lynn Golden, News EditorWednesday, October 24 - 2007 at 15:01 UAE local time (GMT+4)
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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.
Emaar has highlighted its remarkable global growth by debuting on the Financial Times Global 500 ranking, which provides an annual snapshot of the world's largest companies. Emaar has been assigned A- and A3 ratings with stable outlook by Standard & Poor's and Moody's Investor Services, respectively.
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 and finance, 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, the world's tallest building and free-standing structure 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 the US$26.6 billion 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, Algeria, 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 Hotels & Resorts 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
Kelly Home / Nivine William
ASDA'A Public Relations
Exclusive Affiliate of Edelman PR Worldwide in Middle East & North Africa
Tel: (+971 4) 335 5969;
Fax: (+971 4) 335 6080
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.
Emaar has highlighted its remarkable global growth by debuting on the Financial Times Global 500 ranking, which provides an annual snapshot of the world's largest companies. Emaar has been assigned A- and A3 ratings with stable outlook by Standard & Poor's and Moody's Investor Services, respectively.
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 and finance, 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, the world's tallest building and free-standing structure 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 the US$26.6 billion 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, Algeria, 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 Hotels & Resorts 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
Kelly Home / Nivine William
ASDA'A Public Relations
Exclusive Affiliate of Edelman PR Worldwide in Middle East & North Africa
Tel: (+971 4) 335 5969;
Fax: (+971 4) 335 6080
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