- Mohamed Alabbar is an Emirati billionaire and the founder and Chairman of Emaar Properties, one of the largest real estate development companies in the world with annual revenue of $4.2 billion and a market cap of over $20 billion, known for developing the world's tallest building Burj Khalifa and the world's largest mall Dubai Mall, which are part of Emaar's 500-acre flagship mega-development Downtown Dubai, as well as The Tower at Dubai Creek Harbour, set to be over 3,000 feet tall upon completion in 2020, the 2,000-seat Dubai Opera, Dubai Marina, the world's biggest man-made marina, Emirates Hills, regarded as "the Beverly Hills of Dubai", and King Abdullah Economic City, established with King Abdullah of Saudi Arabia as one of the largest private developments in the region spanning 64 square miles
| Born: | 08 November 1956 Comment | | How old is Mohamed Alabbar in 2024? / Age: | 67 years
| | Where was Mohamed Alabbar born? | Dubai, United Arab Emirates | | Zodiac sign: | Scorpio |
Mohamed Alabbar Net worth 2024 (estimated)
| | How much is Mohamed Alabbar worth? | $76,000,000
| | Nationality: | Emirati | | Hair color: | Brown | | Eyes color: | Brown |
Mohamed Alabbar facts
- Alabbar, who acts as a top adviser to the Ruler of Dubai and Vice President and Prime Minister of the United Arab Emirates, Sheikh Mohammed bin Rashid Al Maktoum, formerly served as the founding director general of the Dubai Department of Economic Development
- Through Alabbar Enterprises, Alabbar owns a 4% stake in online fashion retailer Yoox Net-a-Porter Group, having invested US$113 million in the company in April 2016
- He also led two investor groups in buying a combined 16.45% stake in Dubai-based courier Aramex for approximately $250 million
- Additionally, Alabbar leads Adeptio AD Investments, which purchased Americana Group, that owns the Middle East franchises for fast food chains KFC and Pizza Hut, from its majority stockholder for US$2.36 billion in June 2016
- Alabbar founded noon.com, an e-commerce marketplace in the Middle East set to take on Alibaba.com and Amazon.com, with a 3.5 million square foot fulfillment facility (the size of over 60 football fields) in the United Arab Emirates
- Alabbar has raised $1 billion from investors, half of which was committed by the Public Investment Fund of Saudi Arabia, to spearhead what will be a string of major digital and e-commerce launches in the UAE
- He met with Jeff Bezos, the founder and CEO of Amazon.com, in Dubai in November 2016
- In March 2017, it was announced that Amazon.com would acquire Dubai-based e-commerce company Souq.com, following which Alabbar immediately submitted a competing $800 million bid via his Emaar Malls subsidiary
- However Souq.com culminated a deal with Amazon.com due to an exclusivity agreement signed prior to Alabbar's bid
- Alabbar is Chairman of Abu Dhabi-based Eagle Hills a private investment and real estate Development Company, responsible for projects including the Belgrade Waterfront, Centenary City in Abuja, Nigeria, the St. Regis and W hotels in Amman, Jordan, and the Fairmont La Marina Rabat-Sale in Morocco
Bio / wiki sources: Wikipedia, accounts on social media, content from our users.
What users say about Mohamed Alabbar
- Rabiu yahaya 07025389978: Thank you very much for your good character of helping the people over the world. (January 05, 2021)
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- Rabiu yahaya: Mohamed Alabbar is a wonderful and gifted man, a good muslim, he is among the best businessmen in Dubai. I am looking forward to see him with honour and respect and appreciating for the best work (January 05, 2021)
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Education
- The Albers School of Business and Economics (1981)
Related celebs
Rashid Alabbar, Salama Alabbar
Wiki & wealth sources: Wikipedia, TMDb, social media accounts, users content, wealth specialized websites
Last update: 16 February 2021
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Net worth: $76,000,000
