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"Emaar will face these challenges with confidence and we will focus our energies to adapt to the changing circumstances. Our strategy of business segmentation and geographic expansion has proven its effectiveness, and we will continue along this path,"Mr Alabbar
In 2009, Emaar will mark a significant milestone with the opening of Burj Dubai, the world's tallest building. The company will also add two more properties to its Emaar Hospitality Group portfolio - The Address, Dubai Marina and The Address, Dubai Mall.
Year 2008 was marked by two landmark achievements for Emaar Properties - the opening of The Dubai Mall, one of the world's largest shopping and entertainment destinations; and The Address, Downtown Burj Dubai, the first hotel under Emaar's own hotel brand, The Address Hotels & Resorts.
Emaar also strengthened its hospitality & leisure roster with the opening of the Dubai Marina Yacht Club, and its shopping mall business with the Dubai Marina Mall. The company further consolidated its geographic expansion, with new projects unveiled in Egypt, Morocco, Saudi Arabia, India and Indonesia.
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Posted by Rana Mesbah
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