2020 REAL ESTATE POWER LIST
• NEOM CEO Nadhmi Al-Nasr and Sultan Ahmed Bin Sulayem, group chairman and CEO of DP World and Virgin Hyperloop One, among major MENA names recognised by industry professionals
• UAE tops regional representation with 13 influential heavyweights listed
• 10 influential regional brokers and real estate consultants also named in separate houza-sponsored list, here
Dubai, UAE, 25 January 2021: The 20 most influential individuals in the MENA real estate industry have been revealed in the first-ever 2020 Cityscape Intelligence Real Estate Power List, a new regional power list nominated by industry professionals to recognise exceptional leadership in a year defined by the Covid-19 pandemic.
2020 Most influential individuals in the MENA real estate industry Power List*:
• Khaled Abbas, Deputy Minister of Housing, Utilities, and Urban Communities for National Projects, Egypt
Khaled Abbas, Deputy Minister of Housing, Utilities, and Urban Communities for National Projects and the Ministry of Housing, has faced a tough 2020 but his department's objectives to establish new and sustainable communities and cities remains top of their agenda and a priority towards the country’s 2030 Vision.
• Ahmed Yusuf Abdulla, CEO, Seef Properties
Bahrain’s Seef Properties CEO, Ahmed Yusuf Abdulla, has over 23 years of real estate and project management experience.
Overseeing the company’s growth, Yusuf Abdulla has ensured that the company manages a vast portfolio of assets across the Kingdom, further cementing it as a brand backed by a diverse business and real estate portfolio.
• Mohamed Alabbar, Founder, Emaar Properties
Considered one of the leading business and property figures in the MENA region, Mohamed Alabbar has secured Dubai’s position as a global tourism hub.
Instrumental in the development of the tallest building and largest mall in the world, Alabbar has also, over the last decade, successfully diversified Emaar into hospitality, leisure, retail, and financial services and established Emaar’s global presence.
• Waqas Al Adawi, Vice Chairman, S&T Group
The Vice Chairman of S&T Group, Waqas Al Adawi, has spent 13 years at the Oman-based conglomerate, with over eight years in his current role.
Al Adawi is revolutionising the company’s technology adoption with a focus on infrastructure development.
• Talal Al Dhiyebi, CEO, Aldar Properties
CEO of one of Abu Dhabi’s most instrumental developers Aldar; Talal Al Dhiyebi, previously held the position of Chief Development Officer and Executive Director of Asset Management since the merger with Sorouh in 2013.
He held several senior positions at Aldar and currently serves on the boards of several companies including Abu Dhabi Motorsports Management, Al Jazira Capital, Aldar Academies, Aldar Etihad Investment Properties and Aldar Hotels & Hospitality.
• HE Falah Al Ahbabi, Chairman, Department of Municipalities and Transport (DMT), Abu Dhabi
A key figure in contributing to Abu Dhabi’s non-oil GDP growth, HE. Falah Al Ahbabi has made his mark on the capital’s real estate sector.
His career expertise extend well beyond the urban planning sphere, and encompass a number of vital development initiatives, including elevating the competitiveness of Abu Dhabi’s real estate sector, development of integrated and sustainable communities and having established Abu Dhabi Aviation Training Centre, the Middle East’s first helicopter training facility.
• HE Reem Al Hashimy, UAE Minister of State for International Cooperation and Director General of Expo 2020 Dubai
Hugely instrumental in the bid to host Expo 2020, Her Excellency Reem Al Hashimy, has been tasked with bringing 25 million tourists into Dubai in 2021.
Over the last year, together with her Expo team, Al Hashimy has looked at ways to redefine what an international event will look like post-pandemic.
• Khalid Al Malik, CEO, Dubai Properties & MD of Dubai Holding
Khalid Al Malik is the CEO of Dubai Properties and Managing Director of Dubai Holding, where he leads the real estate portfolio including urban planning and infrastructure strategy and development, as well as overseeing the land bank – one of the Emirate’s largest. Responsible for the company’s international real estate investments, Al Malik is at the forefront of managing the company’s strategic relations with local and international investors, and its government affairs.
• Nadhmi Al-Nasr, CEO, NEOM
Tasked to head up Saudi Arabia’s ambitious, sustainable mega-city NEOM, Nadhmi al-Nasr has worked on developing the strategy and development behind NEOM Bay as well as the strategic development and business plans for NEOM’s core economic sectors.
NEOM is the flagship project of Saudi Arabia's post-oil diversification plan, Saudi Vision 2030, which seeks to reduce the country's reliance on hydrocarbons. The bulk of construction will take place over the next decade, with a target of hosting one million residents by 2030.
Expected to take up an area the size of Belgium on Saudi Arabia’s Red Sea coastline and expected to be powered entirely by renewable energy, NEOM will have nine key investment sectors: energy and water, mobility, biotech, food, technological and digital sciences, advanced manufacturing, media, and entertainment.
Earlier this year, NEOM announced the launch of The Line, a 170 km mega-city that will house a million residents in carbon-positive urban developments powered by 100% clean energy.
• HE Omar Sultan Al Olama, Minister of State for Artificial Intelligence
Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications, His Excellency Omar bin Sultan Al Olama and his department is shaping the UAE’s AI agenda.
An avid proponent for technology, Al Olama has contributed to the preparation of the UAE Centennial 2071 strategy and the UAE 4th Industrial Revolution Strategy.
• Yousef Bin Abdullah Al Shelash, Chairman, Dar Al Arkan
A major partner in realising the goals of Saudi Vision 2030, Dar Al Arkan Chairman, Yousef Bin Abdullah Al Shelash, is determined to continue growing the Kingdom’s GDP and real estate market.
Since its initiation, Al Shelash has overseen 23 successful years at Dar Al Arkan, delivering and implementing over 30 residential and commercial projects, a milestone achievement for both, the company and the nation.
• Mohammed Ibrahim Al-Shaibani, Chairman, Nakheel
In 2020, Mohammed Ibrahim Al-Shaibani took over as the Chairman of Nakheel. Director General of H.H. The Dubai Ruler’s Court, and Managing Director of the Investment Corporation of Dubai, the principal investment arm of the government of Dubai, Al-Shaibani is also the Vice Chairman of the Supreme Fiscal Committee of Dubai which oversees the Emirate’s fiscal policies.
• Emad Azmy, President and Vice Chairman, ASGC Group
President iand Vce Chairman of the board and Executive Director, ASGC Group, Emad Azmy spent 12 years at the Arab Contractors in Egypt where he began his professional career, Azmy decided to move to Dubai where he established ASGC in 1989. Today, the company is one of the leading construction companies in the UAE.
• Dr Aisha Bint Butti Bin Bishr, Director General, Smart Dubai
Dr. Aisha Bint Buti Bin Bishr is Director General of the Smart Dubai Office, and is responsible for Dubai’s city-wide smart transformation.
Leading the creation of ‘The Smart City Index’ - the first-ever benchmark for smart city implementation across the globe in cooperation with ITU and the United Nations, Bin Bishr is an acclaimed digital transformation and smart cities thought leader globally, representing Smart Dubai in City Protocol Society and Smart City Expo World Congress.
• HE Sultan Butti Bin Mejren, Director General, Dubai Land Department
HE Sultan Butti bin Mejren has been Director General of the Dubai Land Department since 2006.
Under his directorship, DLD has issued various property laws that have instilled, not only transparency, but also confidence in Dubai’s real estate market.
From the establishment of the Real Estate Regulatory Authority, the department’s regulatory arm to the Real Estate Investment Management and Promotion Centre, Bin Mejren has been central in shaping Dubai’s property market.
• Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World & Virgin Hyperloop One
Sultan Ahmed Bin Sulayem has been instrumental in the rapid expansion of Dubai’s infrastructure, and ports and free zones.
From leading DP’s expansion internationally, to taking over as the Chairman of the Virgin Hyperloop One, Bin Sulayem has been key in supporting Dubai’s success story.
• Alain Bejjani, CEO, Majid Al Futtaim
Alain Bejjani joined Majid Al Futtaim in 2006 and for more than a decade has been responsible for driving significant transformation of the organisation. His career in the group culminated with his appointment to the CEO position in February 2015.
He was also the main ‘architect’ behind Majid Al Futtaim’s corporate rebranding. Bejjani serves on the Board of Directors for several of Majid Al Futtaim’s joint ventures.
• Osama Bishai, CEO, Orascom Construction
Starting his career at Orascom Construction in 1998 as managing director, Osama Bishai has played a key role in developing the Egyptian construction business and has led developments in the industry in Egypt, Algeria, and USA. As the current CEO and Executive Director, Bishai heads the company’s efforts to create a long-term concessions portfolio and is leading the growth of the US business.
• John Pagano, CEO, The Red Sea Development Company
With 35 years of international experience from all facets of the commercial property industry from Europe, North America and the Caribbean, John Pagano is leading the creation of a unique luxury international tourism destination as the CEO at The Red Sea Development.
At the centre of Saudi Arabia’s Vision 2030, Pagano has ensured that The Red Sea Project is underpinned by sustainability, offering a sustainable yet luxurious tourism experience.
• Hussain Sajwani, Founder and Chairman, DAMAC
Founder and Chairman of global property development company, DAMAC Properties, Hussain Sajwani is one of the pioneers of the property market expansion in Dubai, having established the company in 2002, which has grown to become one of the largest property companies in the MENA region.
Today, the company has several projects in key global cities including: Dubai, Abu Dhabi, Doha, Amman, Beirut, Jeddah, Riyadh and London.
*This list is in no particular order and has been put together based on nominations and data collected by Cityscape Intelligence
Chris Speller, Group Director of Cityscape, Informa Markets, said: “This first-ever Cityscape Intelligence Real Estate Power List puts the spotlight on influential industry figures who have either shaped the Middle East market these past 12 months, or shown exceptional resolve to rise above the formidable challenges of a disruptive year, in every sense. The response has been overwhelming and is a real testament to our industry’s positive attitude throughout a year of uncertainty.”