• HSBC

New CEO for AED 100 billion Bawadi Hospitality Mega Project

  • United Arab Emirates: Monday, May 29 - 2006 at 11:28
  • PRESS RELEASE

Tatweer, a member of Dubai Holding, today announced Arif Mubarak as the new CEO for its AED 100 billion mega hospitality project Bawadi.

Saeed Al Muntafiq, CEO of Tatweer said:
"Arif Mubarak's appointment as the CEO reflects Tatweer's emphasis on leadership, growth, and its strategic initiative to create a talent base of UAE nationals who are committed to excellence. Arif has a clear understanding of the shifting dynamics of the industry, and his people-management skills have helped him achieve immediate business value. We are confident that he will steer Bawadi into new and innovative avenues of success."

Reacting to the appointment, Arif said: "I consider it a vote of confidence in my ability to steer the company forward. As CEO of Bawadi, one of the region's most ambitious projects, my mandate will be to apply my experience and expertise to drive the Bawadi project, and position it as the world's most successful hospitality and tourism facility."

Arif moves to Bawadi after a two-year association with Dubailand, a member of Tatweer. His management skills and proficiency to promote and develop Dubailand took him to the next career level when he was appointed the Business Development Senior Manager of Dubailand.

His successful track record of developing a rewarding relationship with a diverse network of international project developers facilitated in the acquisition of 80 percent foreign investments for Dubailand.

After joining Dubailand, Arif was appointed the director of Dubai Development and Investment Authority - Asia-Pacific office.

A UAE national, Arif Mubarak has an illustrious educational background. Besides studying for a Masters in Leadership Strategies from Cranfield University, UK, he has taken courses on management from the Columbia Business School and University of Michigan in the United States. Arif has also attended the Harvard Business School Leadership Development Programme, and is a certified Project Management Professional (PMP) from Regis University, Australia.

Tatweer, which will invest AED 40bn in Bawadi, will own and develop 12 hotels on the 10km thematic hotel strip, the longest in the world. The remaining AED 60bn will be invested in 19 hotels that will be operated and managed by leading global hospitality brands.

Infrastructure work will start in 2006, while the centerpiece of the development and the world's largest hotel, Asia-Asia, will be open in 2010. It will provide 6,500 rooms, combining 5,100 four star and an additional 1,400 five star rooms.
CEO of Bawadi, Arif Mubarak 
CEO of Bawadi, Arif Mubarak
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About Tatweer
Launched in December 2005, Tatweer is one the region's most promising enterprises and the owner of seven market-leading companies and an ambitious business development plan. Its current portfolio is divided into Energy & Healthcare, Tourism & Entertainment, Industry & Knowledge, and includes forthcoming projects that will persist to the best perceived excellence standards in the strive to work Dubai up to the world-class enterprise vision that is set to be accomplished in the imminent future.

A member of Dubai Holding, Tatweer and its entities, Dubailand, Bawadi, Dubai Healthcare City, Dubai Energy, Dubai Industrial City and Moutamarat will continue to consolidate a group of life-improving industries. In addition, it has pioneered the market with joint venture initiatives with leading companies such as the New York Mercantile Exchange or the Saudi Research and Publishing Company.

Tatweer will continuously strive for world-class performance implementing leadership development to drive and sustain business excellence, quality and high performance.

For Further Information:
Agency:
Tarek Sakik
Senior Account Manager
Jiwin the Public Relations Arm
Of Dubai Press Club
Phone: +971-4-3613593

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