< Previous70 May 2024 100 MOST INFLUENTIAL ARABS 2024 MOHAMED AL HAMMADI Managing Director and CEO Emirates Nuclear Energy Corporation (ENEC) Al Hammadi has spearheaded ENEC in successfully imple- menting the UAE Peaceful Nuclear Energy Programme, with a focus on adhering to the highest national regulations and international standards of safety, security, quality, transparency, and non-proliferation. His leadership responsibilities span multiple areas including guiding the organisation towards the shared objective of driving the future growth of the UAE through the safe and efficient deploy- ment of the Barakah Nuclear Energy Plant. As the UAE and Arab World’s inaugural nuclear energy plant, the Barakah plant commenced operations and was connected to the UAE grid in 2020, officially starting commer- cial operations in April 2021. This landmark achievement marked the UAE as the 31st nation globally to utilise nuclear energy for electricity generation, with the Barakah Plant becom- ing the first multi-unit operational nuclear facility in the region upon the launch of Unit 2. Al Hammadi heads ENEC and supervises its joint venture subsidiaries, Nawah Energy Company, responsible for the operation and maintenance of the Barakah plant, and Barakah One Company, which handles the financial and commercial aspects of the project. With a robust background in power and utility projects encompassing management, construction, finance, and administration, he previously served as the general manager of the UAE Federal Electricity and Water Authority (FEWA). He holds membership in the World Association of Nuclear Operators' (WANO) Governing Board of its Atlanta Centre and sits on the board of directors of ENMEC. He is also affiliated with the American Nuclear Society and the Project Management Institute (USA), in addition to being a senior member of the Institute of Electrical and Electronics Engi- neers (USA), the International Council on Large Electric Systems, and the Engineers Association of the UAE. Acknowl- edged for his expertise, in recognition of his visionary contri- butions to the future of electricity, Ajou University in South Korea conferred upon Al Hammadi an Honorary Doctorate in 2019, making him one of only eight leaders to receive such a prestigious accolade in the university’s history. About ENEC Established in December 2009 by decree from the late Sheikh Khalifa bin Zayed Al Nahyan, then president of the UAE, ENEC provides safe, clean, reliable, as well as efficient nuclear energy to the nation. Since its establishment, ENEC has undertaken the key responsibility of implementing the UAE Peaceful Nuclear Energy Programme. This involves designing, constructing, and owning the UAE’s inaugural nuclear energy plant. ENEC collaborates closely with both the Abu Dhabi and Federal governments to ensure alignment with the UAE's industrial infrastructure plans. ENEC also actively engages with the UAE community to foster awareness and comprehension of nuclear energy's signif- icance in the nation's energy portfolio. Furthermore, ENEC operates as the investment arm of the government of Abu Dhabi, strategically investing in both domestic and interna- tional nuclear sectors. ENERGYarabianbusiness.com 71 100 MOST INFLUENTIAL ARABS 2024 SUSTAINABILITY MOHAMED AL RAMAHI CEO Masdar During Al Ramahi’s tenure, Masdar, a prominent clean energy company in the UAE and one of the fastest-growing globally, has emerged as a leading player in the clean energy sector, boasting a diverse global project portfolio exceeding 20GW of clean energy capacity. Under his leadership, the company aims to expand further, targeting 100GW of capacity and 1 million tons of annual green hydrogen production by 2030. Al Ramahi has been associated with Masdar since 2008, holding key leadership roles such as chief financial officer and chief operating officer before assuming the position of CEO in 2016. With over three decades of experience in the energy sector, he brings valuable expertise in strategic leadership, internal audit, risk management, as well as financial manage- ment to the organisation. Apart from his current role, he holds prominent board positions. He chairs the Masdar Executive Committee, serves as vice-chair of the Global Council on Sustainable Develop- ment Goals, and sits on the board of directors for Emirates Waste to Energy Company, Samruk-Kazyna (Kazakhstan’s Sovereign Wealth Fund), and Shuaa Energy 2 PSC and Shuaa Energy 4 PSC, companies involved in developing phases three and six of the Mohammed Bin Rashid Al Maktoum Solar Park in Dubai. Al Ramahi actively participates in various interna- tional business and sustainability groups, including CCI France, Australian Business Group, the US-UAE Business Council, and the Sustainable Markets Initiative Taskforce for Energy Transition, where he leads the decarbonising industry workstream. About Masdar As a leader in renewable energy and green hydrogen, Masdar, a collaborative effort between Mubadala, ADNOC, and TAQA, has extended its impact to over 40 countries, with a dedicated commitment exceeding $30bn in world- wide projects. By harnessing electricity from zero and low-car- bon sources like solar and wind, Masdar’s initiatives annually offset 30 million tonnes of CO2. The company is at the forefront of the decarbonisation movement, targeting challenging sectors such as heavy indus- try and shipping, with a vision to produce 1 million tonnes of green hydrogen annually by 2030. Masdar has been a pioneer in exploring hydrogen produc- tion since 2008. The green hydrogen business operated by Masdar aims to establish itself as a global leader by adopting a ‘smart early-mover’ approach. Remaining technology-ag- nostic, they focus on incorporating the best technologies to build a robust hydrogen value chain. In partnership with Emirates Steel Arkan, Masdar is pioneering a revolutionary green hydrogen project set to decar- bonise the UAE’s steel sector. The project, slated to produce ‘green steel’ by 2024, signifies a sustainable era for the indus- try. The company is determined to further reduce carbon emissions by 40 percent by 2030 and achieve net-zero emis- sions by the year 2050. This aligns seamlessly with the UAE’s ambitious objective of becoming a major hydrogen producer by 2031, emphasising Masdar’s dedication to environmental responsibility and cleaner industrial practices.72 May 2024 100 MOST INFLUENTIAL ARABS 2024 MOHAMED JUMA AL SHAMISI Managing Director and CEO AD Ports In his current role, Al Shamisi is a leading facilitator of logistics, industry, and trade in the region, bridging Abu Dhabi with global markets. In his capacity, he oversees the development of AD Ports Group's assets and activities, driving their strategy and operations forward. Under his stewardship, AD Ports Group has transitioned from a project-centric organisation to a fully operational, integrated enterprise span- ning five clusters: Digital, economic cities and free zone, logis- tics, maritime, and ports, facilitating global maritime routes and international trade partnerships. Renowned for his entrepreneurial leadership, Al Shamisi champions AD Ports Group’s role in advancing the govern- ment's goal of diversifying the non-oil and gas economy. With nearly two decades of experience in the maritime sector, he joined AD Ports Group in 2008 and has held key leadership roles, including executive vice president of the Ports Unit, where he played a crucial role in restructuring and optimising its assets. He also oversaw the successful completion and inau- guration of Khalifa Port, AD Ports Group’s flagship port, along with the adjacent KIZAD. Under his guidance, AD Ports Group has garnered over 40 esteemed local and international awards, including the prestigious Abu Dhabi Award for Excel- lence in Government Performance 2017, which honoured the company with the Main Award across five categories. Beyond his role at AD Ports Group, Al Shamisi serves as the chairman of Aramex and Abu Dhabi National Exhibitions Company (ADNEC), vice chairman of UAE Sailing & Rowing Federation, and board member of MAKE A WISH Founda- tion UAE. He currently chairs the KIZAD board of directors and the Arab Sea Port Federation, having previously served as a board member of Etihad Airways. About AD Ports AD Ports Group, a global trade and maritime hub, integrates world-class ports, economic zones, maritime, logistics, and digital businesses to drive international trade. Their compet- itive environment, supported by top-tier trade, logistics, tech- nology, and infrastructure, ensures efficiency for partners and customers. With a clear growth roadmap for AD Ports Group and the broader trade and maritime sectors, their stable and sustainable model encourages inward investment, fostering a globally competitive trading environment. On 21 April 2024, the group announced the expansion of its ports cluster into global marine lubricant distribution through a strategic agreement with ADNOC Distribution. Leveraging their connections and advanced infrastructure, the group will initially distribute high-demand lubricants in the UAE, expanding globally thereafter. This joint effort under- scores the importance of the marine lubricants market for the shipping and maritime industries. AD Ports Group secured a 20-year concession agreement in April 2024 to operate the Luanda multipurpose port terminal in Angola. Partnering with Unicargas and Multiparques, the group will invest $251m to modernise the terminal, boosting container handling volumes to 350,000 TEUs and Ro-Ro volumes to over 40,000 vehicles, with completion expected by Q3 2026. LOGISTICSarabianbusiness.com 73 100 MOST INFLUENTIAL ARABS 2024 DIVERSIFIED MOHAMMAD A. BAKER Deputy Chairman and CEO GMG With a 46-year legacy, Baker is a visionary on a mission to redefine success within the global business community. Under his lead- ership, GMG has embarked on an exciting new chapter, driven by an unwavering commitment to excellence and positive impact. GMG’s portfolio spans across five key verticals, each showcasing its relentless pursuit of innovation and excellence: GMG Sports, GMG Everyday Goods, GMG Health and Beauty, GMG Prop- erties, and GMG Logistics. Baker strongly believes in empowering the UAE’s youth and has launched several initiatives to support their growth. He played an instrumental role in promoting healthier life- styles across schools in the UAE by collaborating closely with the government and integrating sports and active living into the curriculum. Baker’s creative brilliance has given rise to influential home-grown brands, including Sun & Sand Sports, Basket- bolista, Nu Athlete, and Dropkick. In July 2023, GMG signed a transformative franchise agreement with the renowned UK-based global sports retailer JD Sports, bringing its exper- tise to the Middle East. GMG partners with the world's key sports brands, including Nike, Vans, and Columbia. Addition- ally, GMG successfully launched nike.ae and nike.sa for regional customers. About GMG Baker has orchestrated a comprehensive presence across the entire food consumption chain, aligning with GMG’s visionar y ‘f ar m-to-fork’ approach and commitment to the UAE's National Food Security Strategy 2051. GMG has established state-of-the-art food manufacturing facilities, an expan- sive food retail network, and distribu- tion of highly sought-after international brands. These facilities are enhanced by a cutting-edge R&D kitchen and food laboratory, covering six diverse product lines: meat, seafood, Himalayan pink salt, herbs and spices, sausages and cold cuts, butchery, and marination. GMG ventured into the food retail industry in April 2022 by acquiring the Middle Eastern operations of Groupe Casino's prestigious brands, including Géant, Franprix, Monoprix, and Monop. GMG’s commitment to excellence continued with the acquisition of aswaaq LLC, consolidating its position as one of the UAE's largest community mall operators. The group has also expanded its health portfolio within the UAE, introducing innovative concept stores such as Super- care, Arabella, Glu, and Good Health. Moreover, GMG's global footprint is rapidly expanding, with Baker envisioning the opening of 100 stores in Southeast Asia by 2025. On 3 April 2024, GMG announced plans to expand the store network of VF Corporation's brands, such as Vans®, The North Face®, and Timberland®, across the MENA region and Southeast Asia (SEA). Building on a partnership of over 12 years, GMG will increase the presence of VF's brands through new mono-brand partner stores in MENA and SEA markets over the next five years. Currently, GMG operates 90 mono-brand stores for VF in MENA and SEA, with plans to roll out over 300 stores in the next five years.74 May 2024 100 MOST INFLUENTIAL ARABS 2024 Lootah was appointed to his current role in Dubai Cham- bers in October 2022. The decision aligned with the Chambers’ commitment to fulfilling the leadership’s vision to advance Dubai’s global economic status, and its dedica- tion to enlisting competent and experi- enced leaders to maintain the emirate’s momentum towards further accom- plishments. In this capacity, he super- vises the implementation of strategic initiatives aimed at enhancing the ease of doing business in Dubai, supporting global business expansion, attracting foreign investment, and advancing the digital economy. Previously, Lootah held the position of CEO at the Commercial Compliance & Consumer Protection for Dubai’s Department of Economy and Tourism. In this role, he oversaw consumer protection, business protection, intellectual property protection, and commercial compliance. He has also held various leadership roles at the Department of Economic Development, including deputy CEO of the Commercial Compliance & Consumer Protection Sector, deputy CEO of the Dubai Export Development Corporation, executive direc- tor of Corporate Quality and Excellence, and deputy director of the Information Technology Department at Dubai Land Department. Lootah earned a Bachelor’s Degree in Computer Systems Engineering from Arizona State University in the US and an executive MBA in Strategic Management from the Higher Colleges of Technology in Dubai. About Dubai Chambers Dubai Chambers is a non-profit public entity dedicated to advancing Dubai’s global standing by empowering businesses, offering innovative value-added services, and facilitating access to influential networks. In March 2021, Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced the reorganisation of Dubai Chamber. This restructuring resulted in the forma- tion of three chambers for the emirate: the Dubai Chamber of Commerce, the Dubai International Chamber, and the Dubai Chamber of Digital Economy. These entities now oper- ate collectively under the umbrella of Dubai Chambers. On 24 April 2024, Dubai Chambers received recognition from the International Chamber of Commerce (ICC) for its pioneering efforts in developing the Chamber Model Innova- tion (CMI) framework. This framework, introduced at the World Chambers Conference in Dubai in 2021, aims to accel- erate innovation within chambers worldwide. The CMI framework, devised and launched by Dubai Chambers, offers a systematic approach to enhancing the effectiveness of the Chambers of Commerce in response to evolving business landscapes and global challenges. Since its inception, Dubai Chambers has conducted 17 training courses on the CMI framework, benefiting over 1,500 employees and officials from 638 chambers worldwide. The ICC World Chambers Federation has embraced the CMI framework as a model for chamber ser vices and employee training, facilitating their transition into data- driven institutions. INDUSTRY MOHAMMAD ALI RASHED LOOTAH President and CEO Dubai Chambersarabianbusiness.com 75 100 MOST INFLUENTIAL ARABS 2024 RETAIL MOHAMMED ALSHAYA Executive Chairman Alshaya Group The driving force behind the success of Alshaya, a prominent Kuwaiti family-owned business, Alshaya has steered the company's rapid expansion as CEO since 1990, later assuming the role of executive chairman in 2007. Under his leadership, Alshaya has evolved into one of the largest international franchise operators across the Middle East, Africa, Europe, and Russia, boasting over 70 renowned brands. Alshaya is actively engaged in various influential capacities. He serves as a member of the board of trustees at the Arab Thought Foundation and chairs the board of directors of Mabanee, one of Kuwait’s leading real estate developers, where the Alshaya family holds a significant ownership stake of 34.1 percent. Additionally, he holds positions on several councils, including the Supreme Council of Education for the State of Kuwait, the International Business Advisory Council for London, and the Supreme Council of Planning and Develop- ment. Alshaya’s contributions extend beyond business and into education, international business relations, and long-term planning for Kuwait’s development. As a member of the Supreme Council of Education, he contributes to shaping the educational landscape of Kuwait. His involvement in the International Business Advisory Coun- cil for London underscores his commitment to fostering strong international business ties. Furthermore, his role in the Supreme Council of Planning and Development highlights his dedication to ensuring the sustainable growth and long-term vision for Kuwait. Through these roles, Alshaya actively contributes his insights, expertise, and strategic thinking to various crucial domains shaping Kuwait’s development. About Alshaya Group Operating across Europe, the MENA region, and Turkey, Alshaya Group has a diverse portfolio spanning health and beauty, pharmacy, food, fashion, home furnishings, and leisure & entertainment. Its extensive brand line-up includes Boots, The Body Shop, H&M, Starbucks, Mothercare, M.A.C, Debenhams, American Eagle Outfitters, P.F. Chang’s, The Cheesecake Factory, Victo- ria’s Secret, Pottery Barn, and KidZania, among others. On 24 July 2023, Alshaya Group launched the ‘Make Your Moment’ initiative in collaboration with the Human Resources Development Fund (HRDF) in KSA. This initiative aims to attract and retain skilled Saudi men and women in the retail sector, aligning with the goals of Saudi Vision 2030. By investing in Saudi youth, the initiative supports the national plan's objective of empowering citizens with the skills needed to succeed in the private sector. To date, approximately 4,000 Saudi women have joined Alshaya Group’s workforce across its diverse brands. Alshaya Group’s commitment to its communities is para- mount and as a leading employer in the retail sector, recognise the various avenues through which they can contribute sustain- ably. This includes creating jobs and fostering skills develop- ment, sourcing locally, providing charitable support, and collab- orating with government and local NGOs. Additionally, they are dedicated to environmental stewardship, implementing initiatives such as harnessing solar energy, recycling fashion and electronics, and minimising packaging. Across their brands and operations, Alshaya Group are working to enact positive change and continuously strive to make meaningful impact.76 May 2024 100 MOST INFLUENTIAL ARABS 2024 Established in 1979, Ajlan & Bros Group has expanded to become one of the largest private sector conglomerates in the Middle East region, employing over 15,000 people in more than 25 coun- tries and spanning across 75 companies. With a diversified portfolio in line with Vision 2030, Ajlan & Bros Holding Group has embarked on significant diversifica- tion both regionally and globally as reflected in the company’s investments in real estate in Saudi Arabia, Europe, Asia, the US, as well as in China. One of the largest real estate owners in Saudi Arabia, Ajan & Bros has launched several commercial, housing, and industrial projects throughout different cities of the Kingdom. Regional leader Today, the group boasts assets valued at over $15bn in addition to annual revenues of more than $2bn. In recent years the group has diversified into sectors which are aligned to and in support of Vision 2030. This includes water, power, environment, oil and gas, food security, facility management, tourism, logistics, industrial manufacturing, real estate, textiles, technology, mining and minerals, as well as FMCG, events and entertain- ment, gaming, financial services in addition to fintech. In addition to his role as Deputy Chairman of Ajlan & Bros Group, Alajlan also holds several positions and memberships including Deputy Chairman of Ajlan & Bros, Chairman of the Saudi-Chinese Business Council, and Deputy Chairman of more than 75 companies around the world. He is also a former board member of the Young Arab Leaders Organisation. Alajlan was also awarded various awards and honours by the Chinese government, some of which include the Holder of the Honorary Citizen Award and City Key Holder Merit for Xuzhou City, awarded by People’s Government of Xuzhou District, in the People’s Republic of China, for his contribution towards both economic and social development. He is also a recipient of the Honorary Citizen Award for Zaozhuang Citv, Shandong District, awarded by the People’s Government of Shandong District. He was awarded the Honorary Work Merit and Medal and a certificate from Siang City Government, Jiangsu Province, for his highly distinguished contributions to economic struc- ture and commercial projects development. Alajlan is also the Friendship Ambassador for Shandong Province, an award given to business leaders who have immensely contributed to investment and economic and social development of the province. DIVERSIFIED MOHAMMED BIN ABDULAZIZ ALAJLAN Deputy Chairman Ajlan & Bros $2BN+ The annual revenues of Ajlan & Bros Grouparabianbusiness.com 77 100 MOST INFLUENTIAL ARABS 2024 INVESTMENT MOHAMMED IBRAHIM AL SHAIBANI Managing Director Investment Corporation of Dubai (ICD) A l Shaibani holds several significant positions in Dubai's government and corporate sectors. He serves as the director general of The Dubai Ruler’s Court and the managing director of the Investment Corporation of Dubai, which is the primary investment entity of the Dubai government. Additionally, he is the vice chairman of Dubai's Supreme Fiscal Committee, overseeing fiscal poli- cies, as well as is a member of Dubai’s Executive Council, which supports and supervises government bodies in Dubai. Al Shaibani was the deputy chairman of the Higher Commit- tee of World Expo 2020 and the chairman of the Supreme Committee for the Supervision of International Humanitarian City (IHC), a global hub for humanitarian emergency prepar- edness and response. In the corporate realm, he holds key leadership positions including as the chairman of the board of directors of Kerzner International as well as Nakheel, Dubai’s renowned property developer behind the Palm Jumeirah. He also chairs the board of directors at Dubai Islamic Bank and Meydan City Corpo- ration. Moreover, he contributes his expertise as a board member of various government-related organisations such as Dubai World and Dubai Aerospace Enterprise (DAE). About Investment Corporation of Dubai (ICD) Established in 2006, the ICD serves as the principal invest- ment arm of the government of Dubai. With a mandate to manage a diverse portfolio of assets, both domestically and internationally, ICD plays a crucial role in supporting Dubai's vibrant econ- omy across various sectors. ICD’s responsibilities encompass consolidating and over seeing the government's commercial companies and investments. By developing and implementing robust investment strategies and corporate governance policies, ICD aims to optimise value creation for the long-term prosperity of Dubai. Additionally, ICD is tasked with providing strategic oversight to its portfo- lio companies by implementing effective corporate governance policies and investment strategies. ICD’s portfolio encompasses several prominent companies in Dubai, spanning crucial economic sectors identified by the government as strategic for the ongoing development and prosperity of the emirate. These sectors include financial services, transportation, energy and industry, real estate and construction, hospitality and leisure, retail, and other key hold- ings. Moreover, ICD has pursued a sustainable strategy of global investments, aligning with its existing portfolio, to expand Dubai’s global presence and expertise into interna- tional markets. In January 2024, The ICD unveiled a rebrand of its visual identity, including a brand-new logo. Moving forward, the corporation will be referred to by its acronym ICD, with its visual identity reflecting its dynamic nature and enduring commitment to growth, development, and excellence. This change underscores ICD’s readiness to adapt to the ever-changing global investment landscape.78 May 2024 100 MOST INFLUENTIAL ARABS 2024 Al Ali steers the company’s expanding portfolio of enter- prises while managing the new and innovative savings initia- tives. With over 20 years of local and international experience, he has a diverse background with experience in senior management roles in the commercial divisions within the Emirates Group as well as has served as the general manager in the UK and Ireland. He has also held the role of vice president of Customer Service and Operations at dnata at Dubai International Airport. About National Bonds Established in March 2006 with a paid-up capital of $41m (AED150m), National Bonds is a private joint stock company fully owned by the Investment Corporation of Dubai (ICD), the investment arm of the Dubai government. The company is licensed and regulated by the Securities and Commodities Authority and undergoes auditing by the Dubai Government Financial Audit Authority, Sharia Supervisory Board, as well as reputable international external auditors. National Bonds offers direct wealth accumulation through an all-in-one Sharia-compliant Mudaraba based saving scheme, the first of its kind in the world. Steered by their core belief in the power of savings to enable a stronger economy, National Bonds is helping its customers achieve their own financial future objectives and is committed to keep shaping a brighter financial future for today's and tomorrow's genera- tions. The company caters to a diverse clientele, including retail customers, high-net-worth individuals, and corporations. The UAE fund manager National Bonds is in the final stages of developing a new pension fund specifically designed for employers. This initiative comes as the UAE approaches the establishment of a new framework for the utilisation of funds collected for end-of-service payments. National Bonds' pension fund will target UAE-based employers, encouraging them to invest funds designated for their end-of-service or gratuity schemes. On March 4, 2024, Knowledge Fund Partnership announced the launch of The Young Investor, the Middle East’s inaugural financial education programme developed in collaboration with National Bonds. This innovative initiative is in alignment with the Dubai Economic Agenda (D33) and Dubai Social Agenda 33, introduced by Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. These agendas aim to position Dubai as a leading educational hub, enriching educational systems to meet future aspirations, and bolster human capital through top-tier education. Phase one of The Young Investor will be integrated into the educational programmes of three branches of Dubai schools, introducing a comprehensive financial literacy programme. Knowledge Fund Establishment, in collabora- tion with National Bonds, will be responsible for programme development, design, and execution. The programme will target students in grades 5 and 6, marking a pioneering effort to enhance financial knowledge from an early age, with the initiative aligning with broader national financial literacy plans. FINANCE MOHAMMED QASEM AL ALI Group CEO National Bondsarabianbusiness.com 79 100 MOST INFLUENTIAL ARABS 2024 REAL ESTATE MOHAMMED SANKARI Chairman Sankari Properties Sankari, an accomplished business leader, has navigated a robust entrepreneurial path within a prospering family enterprise. His attention to detail have estab- lished him as a key contributor to the business land- scape of the UAE. Originating from a family business with a strong foothold in high-end retail and lifestyle, Sankari brings a depth of market understanding and business expertise to Sankari Prop- erties. His leadership is crucial for guiding the company in creating esteemed real estate projects that future generations will value and appreciate. His role in the family business has been significant in building a considerable real estate portfo- lio, demonstrating a legacy of growth and strategic foresight. As an Emirati entrepreneur, Sankari is driven by a deep ambition to contribute substantially to his nation. He envisions creating architectural landmarks that embody the UAE's rich history and promising future. Influenced by the leadership of the UAE and his family history, he dedicates himself to devel- oping impactful experiences. Guided by his leadership, Sankari Properties is committed to developing real estate projects that exceed the anticipations of the UAE’s discerning client base. By effectively merging their longstanding principles with the dynamic landscape of the UAE's real estate sector, Sankari Properties not only seeks to uphold the esteemed reputation established by the family over the years but also aims to adapt and respond to the contemporary needs and trends of the market. About Sankari Properties Sankari Properties, a new enterprise, was established in 2023, coinciding with the 40th anniversary of Paris Group. Paris Group is the principal division of the Sankari Investment Group, a UAE-based conglomerate initiated in 1983 by Abdulkader Sankari, the father of Mohammed Sankari. Specialising in luxury fashion and retail, UAE based conglomerate Paris Group operates over 300 stores worldwide. As a growing contributor to the UAE’s dynamic development, Sankari Properties presents a collection of luxury real estate steeped in a rich family legacy that inter- twines a story of tradition and excellence. The team at Sankari Properties comprises a collaboration of forward-thinking architects who challenge architectural boundaries, innovative designers who forge deep connections with space and style. Currently focused on their inaugural flagship project in Marasi Marina, Business Bay, slated for completion in 2027, the twin residential towers will be master- fully crafted by Foster & Partners with exquisite interior design by Portia Fox. Housed within the twin towers is a limited collection of just 57 exquisite full-floor residences, each ranging from three to five bedrooms in its sophisticated design. These start at 604 sq m, each occupying an entire floor to ensure maximum privacy and security. This $1bn development rising from the heart of Dubai’s vibrant Marasi district in Business Bay prom- ises to redefine the elevated living experience, with starting prices of $10m. Slated for completion in the fourth quarter of 2027, the introduction of Sankari Properties is aligned with the nation’s strategy for economic diversification and growth. Next >