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Emaar Properties has announced a new organizational structure to drive sustained value creation for its stakeholders and power the growth of the company with a focus on professional project management, timely delivery and world-class service.
Mohammad Ali Alabbar, Chairman of Emaar, said the new structure draws on Dubai Plan 2021 announced by His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.
''As Dubai builds its future as a smart, sustainable city and a preferred place to live, work and visit, Emaar is creating a fresh template for its sustained growth and value creation.
''In today's maturing market, our priority is to manage and deliver projects efficiently through our team of experienced professionals. They are supported by a new cadre of young executives, led by Emaar's core values of developing quality projects, timely delivery and excellent customer service while enhancing the value of our master-planned communities.''
Emaar's new organization structure includes Amit Jain, who has been promoted to Group COO and CEO of Emaar Dubai. He will be responsible for the group's overall operations and financial matters with a special focus on the emirate.
Other senior managers include Mohamed El Dahan and Ozan Balaban (Regional CEOs); Ahmed Al Falasi (Executive Director of Group Operations); Osama Sabboubeh (Executive Director of Projects Dubai); Osama Abou El-enain (Executive Director of Development Dubai); and Rasha Hassan (Chief Commercial Officer). Additionally, Deepak Jain, formerly of JLL, has joined as Chief Strategy Officer.
Fred Durie, former CEO of Emaar International, will continue to serve on the boards of Emaar joint ventures in Jordan and India, while Robert Booth, former CEO of Emaar Real Estate Dubai, will work in an advisory capacity to the chairman.
Emaar has launched several new major projects, including Dubai Creek Harbour at The Lagoons, Dubai Hills Estate and The Opera District in Downtown Dubai.
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Source: Property Weekly