Global real estate major Emaar Properties has appointed Dr Nader Mohamed as Managing Director of Emaar Misr for Development S.A.E., a subsidiary of Emaar Properties and Artoc Group for Investment and Development. To be based in Egypt, Dr Nader will report directly to Emaar Properties Chairman Mr Mohamed Ali Alabbar.
Dr Nader will steer the development of the ongoing projects of Emaar in Egypt – the EGP 22 billion (AED 15 billion / US$4 billion) master planned community at the highest point of downtown Cairo - Uptown Cairo; Egypt’s new Smart Village; Bibliotheca Alexandrina, the waterfront redevelopment project for Alexandria Bibliotheca; and the 625-hectare master-planned, mixed use development on Sidi Abdel Rahman and Alamein, a 7-km tourism resort land won in a EGP 1 billion (AED 643 million / US$175 million) bid from the Egyptian Government Tourism Company.
“Emaar’s expansion into Egypt is in line with the company’s Vision 2010 of becoming one of the world’s most valuable companies in the next four years,” said Mr Alabbar. “With a perfect mix of traditional and ultra-modern developments, Emaar is infusing a new dynamic to the country’s property sector. Dr Nader’s years of experience working on Emaar’s International Operations as well as Systems and Processes on a group basis, perfectly positions him to helm Emaar’s growth plans for the country.”
A UAE national, Dr Nader holds a PhD and MSc in Mechanical Engineering from the University of Glasgow, Scotland. Prior to joining Emaar last year, Dr Nader worked at Dubai Aluminium Company (DUBAL) as General Manager of Corporate Services.
At Emaar, Dr Nader was previously Executive Director, International Operations for the Middle East, North Africa and Indian Subcontinent. He has been involved with identifying new markets, strategizing on potential developments and conceptualizing ideas.
His appointment in Egypt also underscores Emaar’s strong human resource base of talented UAE nationals working on the company’s international operations.
“The Egyptian economy has a newfound enthusiasm thanks to the current economic reforms and increased foreign investment,” said Dr Nader. “Emaar is poised to leverage on the potential offered by the economy while offering added-value propositions through developments such as Uptown Cairo, Bibliotheca Alexandrina and Smart Village. Highlighting Emaar’s commitment to the Egyptian economy is the new resort development in Sidi Abdel Rahman and Alamein, which will encourage tourism growth and offer considerable employment potential to Egyptians.”
© 2000 - 2019 Al Bawaba (www.albawaba.com)