< Previous68 JUNE 2024 | POWER 150 | Abdullah bin Hamad Al Attiyah CEO, Qatari Diar Mohamed Abdalla Al Zaabi Group CEO, Miral 17 18 At the helm of Qatar-based developer Qatari Diar stands CEO Abdullah bin Hamad Al Attiyah. Established by the Qatar Investment Authority in 2005, the company boasts a substantial shared capital exceeding $8.1 billion and currently has 50 investment projects in various stages of development. In November 2022, Qatari Diar proudly unveiled Lusail Boulevard and Al Sa’ad Plaza, captivating audiences and attracting over 60,000 daily visitors during the FIFA World Cup Qatar 2022, showcasing its unwavering commitment to creating vibrant and dynamic urban spaces that enrich the community fabric. Currently, the company is actively engaged in a myriad of ventures, demonstrating its versatility and global reach. These ventures include Diar Ras Al Hadd in Oman and CityGate in Egypt, both of which represent strategic investments aimed at fostering economic growth and sustainable development in their respective regions. Mohamed Abdalla Al Zaabi serves as the Group CEO of Miral and has been the driving force behind the company’s exponential growth since assuming the role in 2015. With a keen focus on innovation and strategic vision, he currently oversees the comprehensive management and business strategy of Miral’s expanding portfolio on Yas Island and Saadiyat Island, ensuring sustained success and development. Under Al Zaabi’s leadership, Yas Island achieved an unprecedented milestone, marking the welcoming of over 34 million visitors, while Saadiyat Island experienced a remarkable 44% surge in visitation compared to the previous year. Moreover, both destinations received widespread acclaim, earning over 170 regional and international accolades. These commendations serve as a testament to Yas Island’s emergence as a global epicentre for entertainment and leisure. Simultaneously, Saadiyat Island solidifi ed its position as a Notably, Qatari Diar embarked on a signifi cant endeavor with the commencement of construction on a new phase of the CityGate project in New Cairo in February 2023. With total investments amounting to $57.3 million, this initiative underscores the company’s steadfast dedication to expanding its global footprint and contributing to the development of vibrant urban landscapes worldwide. Furthermore, Al Attiyah assumed the esteemed roles of deputy chairman and board member at Katara Hospitality in March 2021, further solidifying his leadership position within the hospitality sector. Among Qatari Diar’s completed projects are the iconic Doha Exhibition and Convention Centre, Sheraton Park, The Commercial Avenue, Seapearl Istanbul, Anantara Tozeur Resort, and The St. Regis Cairo and Residences, exemplifying the company’s commitment to excellence and innovation in urban development. premier destination renowned for its pristine beaches, untouched natural landscapes, and rich cultural off erings. Miral recently unveiled an array of developments on Yas Island, including the expansion of Yas Waterworld and the introduction of a Harry Potter theme park at Warner Bros. World™, alongside a 560-meterebeachfront development at Yas Bay Waterfront. Additionally, under Al Zaabi’s stewardship, Miral is spearheading the creation of cultural landmarks on Saadiyat Island in collaboration with the Department of Culture and Tourism—Abu Dhabi, such as teamLab Phenomena Abu Dhabi and the Natural History Museum Abu Dhabi. In September 2023, Miral launched its impactful Corporate Social Responsibility (CSR) strategy, aimed at fostering positive societal change. Aligned with Abu Dhabi’s Tourism Strategy 2030, Miral remains committed to driving substantial economic growth for Abu Dhabi and the UAE, bolstering tourism revenue and generating employment opportunities in the process.HVAC SYSTEMS » Air Conditioning System » Chilled Water Systems » Ducting Systems » Off-Site Prefabricated Modular Solution PLUMBING & FIRE SYSTEMS » Fire Fighting & Fire Protection Systems » Hot & Cold Water Systems » Above & Below Ground Drainage » Gas Network & Distribution » Diesel Generator CIVIL & ROAD WORKS » Asphalt Paving Roads » Interlock Tiles » Road Markings » » Road Maintenance » Earthworks, Cut and Fill » Sewerage and Drainage » Electrical Fittings » Street Lighting ELECTRICAL SYSTEMS » HV & LV Systems » Earthing & Lightning Protection Systems » BMS & Control Systems » Security & Access Control Systems » Fire Detection, Alarm & Voice Evacuation DUBAI Tel: +971 4 2611164 Fax: +971 4 2611696 E-mail: info@menascodubai.com ABU DHABI Tel: +971 2 444 1060 E-mail: info@menascodubai.com FUJAIRAH Tel: +971 9 222 1210 Fax: +971 9 222 0097 E-mail: info@menascodubai.com SHARJAH Tel: +971 6 535 1750 Fax: +971 65351750 E-mail: info@menascodubai.com OUR SERVICES YOUR ENTRUSTED BUILDING & CONTRACTING PARTNER Menasco is a premier building and contracting company in the UAE. For almost 3 decades, Menasco have built iconic projects in Healthcare, Hospitality, Commercial and Residential Buildings, Industrial, Skyline and Data Center Projects across the region. Menasco provides an integrated engineering and building solutions and is widely recognized due to its quality services & experienced management. Founded in 1994, Menasco Mechanical Contracting L.L.C has grown to become one of the leading contractors across the UAE and will continue to expand in the Sub-continent. Menasco strives to deliver highest standards of contracting services, carefully paying attention to Client’s ideas, collaborating in development of the right scope of work. We have excelled in challenging projects bringing an unmatched combination of knowledge, skills, experience, and commitment to every maintain longstanding relationships with our Clients. With our continued commitment with top quality of work, competency, dedicated team of professionals and maintaining the highest health & safety standards, Menasco will continue to earn a competitive edge well recognized in the industry w w w .menasc odubai. c o m LONDON, UK | Tel: +442073961000 | E-mail: info@menascodubai.com DATA CENTERS BRANCHES: VOLANTE TOWER, BUSINESS BAY PCFC HQ BUILDING, DUBAIDIFC OFFICE BUILDING & LINK BRIDGE, DUBAI W RESIDENCES, DUBAI DOWNTOWN DAMAC CASA CAVALLI, DUBAI70 JUNE 2024 | POWER 150 | Making his debut in Construction Week Middle East’s Power 150 list is Ahmed W Al Juhani, the CEO of Rua Al Madinah Holding, a subsidiary of Saudi Arabia’s Public Investment Fund. The company is focused on real estate development and hospitality in Madinah as part of Saudi Vision 2030 and the Hajj and Umrah sector to facilitate hosting 30 million visitors. In the past 12 months, Rua Al Madinah Holding has achieved signifi cant milestones. These include a more than 25% progress in infrastructure works within Rua Al Madinah project, the completion and delivery of Amida Road and Ali bin Abi Talib Road tunnel, and early construction works within superblock No. 5, the ground of the fi rst vertical hospitality assets. Moreover, the developer advanced in the construction of electrical substations for Rua Al Madinah Project and launched the construction of Dar Al Hijra project. Additionally, agreements were signed with leading hospitality operators like Marriott, Hyatt, Accor, and Hilton, introducing 17 global hotel brands with over 8,500 keys to Rua Al Madinah Project. Rua Al Madinah Holding is committed to corporate social responsibility. The company signed a memorandum of understanding with Prince Mugrin University, supporting educational initiatives and the localisation of jobs in the hospitality sector and refl ecting its dedication to community development. It also collaborated with the Human Resources Development Fund to support educational initiatives and localisation eff orts for over 10,000 individuals in the tourism and hospitality sector. Additionally, Rua Al Madinah sponsored Madac Academy, in support of its educational endeavours. Lastly, the company launched Afaq Program to employ young graduates and foster their career paths. Under Al Juhani’s leadership, Rua Al Madinah Holding continues to make signifi cant strides in development and community impact, shaping a sustainable and prosperous future for Madinah. Ahmed W Al Juhani CEO, Rua Al Madinah Holding 19JUNE 2024 71 | POWER 150 | Farhad Azizi CEO, Azizi Developments 20 CEO Farhad Azizi is in at number 20 this year. With a slew of projects announced and handed over during the past year, settle in to know what the company’s been up to in the past year. The developer began construction on the second tallest tower in the world, Burj Azizi, which the CEO calls the family’s legacy and its gift to Dubai. The developer also launched Azizi Venice, an $8.2 billion (AED30 billion) Venetian- inspired luxury waterfront community set entirely within a swimmable crystal-blue water lagoon. It will feature more than 30,000 Next on the list is Ahmed Alkhoshaibi, the Group CEO of Sharjah-based developer, Arada. Established in 2017, Arada specialises in off ering fi nely crafted residences within expansive and safe neighbourhoods. Arada holds the belief that the environment surrounding homes is equally signifi cant as the homes themselves, leading to its meticulous focus on crafting high-quality public areas adorned with vibrant green landscapes. Under Alkhoshaibi’s guidance, Arada’s performance over the last 12 months has been Anand Raheja, CEO of Dar Al Arkan, has been leading the renowned real estate developer since its inception in 1994. Under his guidance, Dar Al Arkan has consistently delivered premier real estate projects, solidifying its reputation in the industry. One of the recent milestones includes the launch of ‘Etoile,’ a branded residence villa community in Riyadh, showcasing the company’s commitment to luxury and innovation. In addition to this, Dar Al Arkan has distinguished itself as one of the fi rst residential units spread over approximately 100 mid-rise mixed-use complexes, as well as over 400 luxury villas and mansions, and a fl agship opera house. Construction has already begun. Several new buildings were launched in the fourth phase of Azizi Riviera in MBR City, while Berton, a well-connected residential development located in Al Furjan, Azizi Amber, and over 45 buildings in Riviera were handed over. In 2023, Azizi completed 7,699 units, and sold 8,834 homes, translating to a 16.5% increase in sales compared to the previous year. exceptional. Some of its most notable project launches include its 90,000 square feet Armani Beach Residences in Palm Jumeirah, as well as its Il Teatro Residences in Aljada, Sharjah. Furthermore, Alkhoshaibi’s outlook for Arada is aligned with the UAE’s ambitious sustainability objectives. As part of this commitment, the company inaugurated one of the largest plant nurseries in the UAE, known as Shajar. Boasting an extensive collection of 50 distinct varieties of trees and shrubs, Shajar represents a signifi cant step towards promoting green initiatives and environmental conservation within the region. developers in the Middle East to utilise 3D printing technology. In March 2023, the company announced the completion of the world’s tallest 3D-printed building, a three- storey smart villa located in Riyadh. This groundbreaking achievement proved the company’s dedication to pioneering advanced construction methods. Moreover, Dar Al Arkan has expanded its international presence by signing a deal with OMRAN to develop ‘AIDA,’ one of the largest premium, mixed-use real estate projects in the Yiti area of Muscat. Ahmed Alkhoshaibi CEO, Arada Anand Raheja CEO, Dar Al Arkan 22 2172 JUNE 2024 | POWER 150 | Fabien Toscano, CEO of AlUla Development Company, is a highly accomplished executive with over two decades of experience spearheading development projects and overseeing investment transactions exceeding $20 billion across the Middle East, Europe, and the Americas. AlUla Development Company, a Public Investment Fund entity, is set to shape the next chapter of AlUla’s legacy by developing and operating a world-class destination. The company aims to create a premier portfolio of real estate, residential, and hospitality assets in collaboration with local and international partners, supporting AlUla’s transformation into a prime location to visit, live, and invest. The company’s partnerships aim to enhance hospitality off erings in AlUla and Saudi Arabia, aligning with Vision 2030 and promoting sustainable development. Under Toscano’s leadership, several key agreements have been secured. Notably, a partnership with Six Senses will open a hotel, allowing guests to explore AlUla’s rich history and cultural heritage amidst a picturesque setting. This oasis-based retreat will feature 100 guest villas and 25 residences, off ering a unique luxury experience. An agreement with Marriott International will see the construction of an Autograph Collection property in AlUla. This 22,635m2 hotel in downtown AlUla will include 250 rooms and suites alongside extensive recreational and entertainment facilities such as dining venues, a spa, a swimming pool, a fi tness centre, a business centre, meeting facilities, and retail space. Another signifi cant agreement with KUN Investment Holding will bring the Aman Hegra project to AlUla. Located on an 8 million m2 site in Hegra, a UNESCO World Heritage Site, this development will feature a luxurious Aman resort with 42 hotel/villa keys and 30 branded private residences. The developer’s current asset portfolio includes Habitas AlUla, Caravan by Habitas, Banyan Tree AlUla, and Maraya, with more announcements to follow. AlUla Development Company is committed to supporting economic and social growth in Saudi Arabia. By unlocking promising sectors, the company creates unparalleled opportunities and benefi ts for the local community, enhancing the quality of life and making a positive impact. Through community-driven initiatives, such as the recent strategic sponsorship agreement with AlUla FC, the company aims to nurture local youth by off ering them opportunities in sports, empowering them to achieve their athletic dreams, and promoting health and wellness. Fabien Toscano CEO, AlUla Development Company 23JUNE 2024 73 | POWER 150 | Meshaal Bin Omairh, the Group CEO of Abdullah Al Othaim Investment Company, boasts an impressive 27-year career in fi nance, marked by progressively increasing responsibilities and a motivational approach. His leadership experience includes roles as CEO and Board Member of Mohammad Abdulaziz Alrajhi & Sons Investment Co. and Acting CEO of Manafea Investment. Al Othaim Investment Company is a multi- faceted force in Saudi Arabia’s development. With 12 commercial complexes, including Al Othaim Malls across various regions, and interests in hospitality, real estate, entertainment, cinema, and fashion, the company has 23 projects shaping the kingdom’s future. The award-winning Kunooz in Riyadh stands as a testament to their innovative vision. In 2023, Al Othaim Investments achieved signifi cant milestones, forging strategic partnerships with entities like the Tourism Development Fund and the Ministry of Municipal and Rural Aff airs and Housing. Their projects refl ect a dominant presence and unwavering dedication to Saudi Arabia’s Vision 2030. Key achievements include the launch of Konoz Riyadh, a billion-dollar fully integrated community featuring commercial offi ces, entertainment, retail, F&B, cinema, a luxury hotel, serviced apartments, and premium residential spaces, with 15,000m2 of green areas aligned with the Green Riyadh initiative. Other notable projects include Al Othaim Mall in Jubail and Mithneb, Al Othaim Complex in North Riyadh, and expansions of Rabwah Mall and Khurais Mall in Riyadh. The groundbreaking of Al Othaim City Centre in Hail further solidifi ed its position as a leader in integrated development. Al Othaim Investments’ vision is to be the region’s premier destination for living, shopping, and entertainment. Their commitment to excellence extends beyond commercial endeavours, actively engaging in social responsibility through donations and contributions to over 100 charity organisation. Meshaal Bin Omairh Group CEO, Abdullah Al Othaim Investment Company 2474 JUNE 2024 | POWER 150 | Ibrahim Al Alwan CEO and MD, Saudi Real Estate Company (Al Akaria) 25 journey driven by a future-forward vision. The company laid the foundations for multi-use developments, aiming to become pioneers in the real estate sector within the Kingdom of Saudi Arabia. Today, Al Akaria stands tall with a vast land bank exceeding 20 million m2 and a diverse tapestry of projects that have transformed Riyadh into an architectural beacon. Their portfolio boasts a wide range of residential, commercial, and recreational projects that cater to the evolving needs of the Saudi community. Operating under the remarkable uptick in revenue generation. His visionary approach to business operations, coupled with astute decision-making, implemented strategies that eff ectively capitalised on market opportunities and bolstered the company’s fi nancial standing. Through his leadership, Al Akaria diversifi ed its portfolio, capitalised on emerging market trends, and optimised its revenue streams, resulting in a noteworthy increase in the company’s overall earnings. Since its founding in 1976 by royal decree, Al Akaria has embarked on a Ibrahim Mohammed Al Alwan boasts over two decades of diverse expertise across the realms of banking, investment banking, and real estate. Currently, he holds a prominent role as the Managing Director and CEO of Saudi Real Estate Company (Al Akaria), alongside serving as the Executive Partner at Watheeq Financial Services Co. Notably, he was a pivotal member involved in the establishment of Kasb Capital Group in 2007, where he held the esteemed position of CEO for a remarkable three-year tenure. He holds a degree in accounting from King Saud University. Throughout his extensive career, Al Alwan has demonstrated a robust skill set in asset management, corporate banking, and real estate, honed through his tenure at esteemed institutions such as alOula, Kasb Capital, Bakheet Investment, SIDF, and various leading Saudi banks. Under Al Alwan’s guidance, Al Akaria experienced a “AL AKARIA HAS WITNESSED REMARKABLE PROGRESS IN ITS REAL ESTATE ENDEAVOURS IN 2023, WITH THREE MAJOR PROJECTS: THE REEF COMPOUND, PORTA JEDDAH, AND FAI SEDRA”JUNE 2024 75 | POWER 150 | umbrella of Al Akaria, a leading real estate powerhouse in Saudi Arabia, the company has four diverse subsidiaries: Mumtalakat, Binyah, Tamear, and Al Widyan. These subsidiaries off er a comprehensive spectrum of services, from developing, operating, and selling unparalleled real estate developments to embarking on construction contracting and providing property and facility management services across all real estate asset classes. The company’s operations are further bolstered by a signifi cant 64.5% stake held by the Public Investment Fund, Saudi Arabia’s sovereign wealth fund. Over the past year, Al Akaria has witnessed remarkable progress in its real estate endeavours, unveiling three major projects: The Reef Compound, Porta Jeddah, and Fai Sedra. These ambitious undertakings signify the company’s commitment to shaping the Saudi landscape and elevating the residential experience through mixed-use development projects. Strategically, Al Akaria embarked on a collaborative venture with Al Tahaluf Real Estate to develop a vibrant residential community as part of the Akaria Park Master Plan in Eastern Riyadh. This partnership exemplifi es the company’s commitment to collaborative innovation and the creation of thriving communities that cater to the evolving needs of Saudi citizens. Currently, Al Akaria has ongoing construction projects valued at $549 million (SAR2.06 billion), including key developments such as Porta Jeddah, Reef Compound, Fai Sedra, Akaria Park, and Olaya Oasis. The Reef Compound in the Diplomatic Quarter is a mixed-use community with 231 residential units, including apartments, townhouses, and villas, spread across 39,000m2 with communal facilities totalling 53,577m2. Porta Jeddah, a contemporary mixed-use project, features experiential retail, dining, and entertainment spaces, a lifestyle hotel, serviced apartments, and quality offi ce space. It covers a GFA of 75,964m2, with 238 hotel keys, 20,983m2 of offi ce space, and a 21,119m2 retail promenade. Fai Sedra, within ROSHN’s fl agship development SEDRA, includes 138 villas on 44,368m2 of land with a total built-up area of 54,708m2. This partnership, following a $38 million (SAR142 million) land sale, aims to enhance premium housing in northern Riyadh, creating integrated, pedestrian-friendly neighbourhoods with top-tier amenities. Under Al Alwan’s guidance, Al Akaria has also deepened its commitment to corporate social responsibility. The company is planning to launch a community engagement programme and is exploring partnerships with local entities to amplify its impact, believing in the importance of the private sector’s contribution to supporting national development.76 JUNE 2024 | POWER 150 | Talal Moafaq Al Gaddah Senior Executive Vice Chairman, MAG Rahail Aslam Founder & CEO, Select Group 26 27 Featured once again on the list this year is Talal Moafaq Al Gaddah, the Senior Executive Vice Chairman of MAG, who stands out as one of the youngest and most dynamic developers in the region. His visionary leadership and strategic acumen have not only guided MAG but also propelled the company to unprecedented heights, boasting a remarkable real estate portfolio valued at over $4.08 billion. Al Gaddah’s ambitious vision extends beyond conventional boundaries, as he endeavours to revolutionise the UAE’s real estate market and economy by attracting a new wave of investors, both domestic and international. Through his keen understanding of market dynamics and consumer preferences, he has successfully crafted developments that resonate with the evolving needs and aspirations of discerning customers. Recognising a burgeoning demand for innovation in Dubai’s real estate landscape, Rahail Aslam is the Founder and Group CEO of Select Group, who stands as a beacon of leadership in the realm of real estate development and investment in the UAE. Over the past 12 months, Aslam has steered the group to achieve remarkable milestones, spearheading the launch of several premium projects in prime locations across Dubai and London. Among the recent notable launches are two highly anticipated projects situated within the waterfront master community in Business Bay: Jumeirah Living Business Bay and Peninsula Four, The Plaza. These projects highlight Select Group’s commitment to crafting exceptional living environments that seamlessly blend luxury with convenience, catering to the diverse needs of modern residents. In December 2023, Select Group reached a milestone by acquiring the dormant development in Dubai Marina, which was previously recognised as the Pentominium Tower. This acquisition marks an important Al Gaddah introduced the luxury well-being concept known as Keturah, a concept that essentially represents a paradigm shift in urban living. At Keturah, every aspect of design and functionality is meticulously crafted to enhance residents’ quality of life. From state- of-the-art fi tness facilities to serene green spaces, Keturah off ers a sanctuary where residents can rejuvenate their mind, body, and spirit amidst the bustling cityscape of Dubai. Keturah made its debut with The Ritz- Carlton Residences, Dubai, Creekside, a prestigious development poised to achieve WELL Health-Safety Rating certifi cation. Building upon the success of Keturah, Al Gaddah’s latest endeavour, Keturah Reserve in Meydan, introduces the groundbreaking ‘Bio Living’ concept, off ering residents a unique living experience immersed in nature. Through these innovative initiatives, MAG continues to make a name for itself in the real estate industry as a developer focused on building resilient and greener communities. moment in Select Group’s trajectory. Upon its eventual completion, this iconic tower is set to soar as the tallest residential high-rise globally, serving as proof of Select Group’s relentless pursuit of architectural excellence and innovation. The acquisition of the Pentominium Tower underscores Select Group’s strategic vision and bold ambitions in the real estate sector. By revitalising this stalled development, the company not only reaffi rms its position as a key player in the industry but also showcases its ability to navigate complex challenges and transform them into opportunities for growth and advancement. Under Aslam’s visionary stewardship, Select Group continues to thrive in the competitive real estate industry, delivering outstanding projects, fostering innovation, and championing sustainability initiatives. With a robust pipeline of projects and a formidable market position, Select Group remains a trusted and respected leader in the global real estate landscape, poised for continued success and growth.JUNE 2024 77 | POWER 150 | Saeed Mohammed Al Qatani CEO, Deyaar Development Mohamad Mourad CEO & Managing Director, Cenomi 28 29 Spearheading Deyaar Development with a visionary zeal is none other than CEO Saeed Mohammed Al Qatani, an esteemed fi gure in the realm of real estate. Since its inception in 2001 with a formidable capital infusion of $1.6 billion, Deyaar has undergone a remarkable metamorphosis over the past decade, emerging as a cornerstone in Dubai’s property development landscape. At the heart of Deyaar’s ethos lies a steadfast commitment to enriching Dubai’s cosmopolitan real estate fabric by crafting innovative projects tailored to meet the evolving demands of today’s discerning clientele. In the ongoing quest for excellence, Deyaar has unveiled two groundbreaking residential ventures this year, namely Rosalia Residences nestled within the vibrant Al Furjan neighborhood, and ELEVE, an epitome of contemporary living in the bustling heart of Downtown Jebel Ali. These projects underscore Deyaar’s unwavering dedication to redefi ning urban living experiences and Mohamad Mourad, the CEO and Managing Director of Cenomi, emerges as a pivotal fi gure in the dynamic realm of real estate development and investment. Over the past 12 months, his strategic leadership has steered Cenomi towards remarkable achievements, solidifying its position as a leader in the industry. One of the standout accomplishments under Mourad’s guidance was the opening of U Walk Jeddah, a groundbreaking lifestyle center spanning 60,000 square metres. Featuring over 130 new retailers and restaurants, this vibrant establishment witnessed an impressive 80% pre-let occupancy upon its grand opening in February 2024, marking a signifi cant milestone for Cenomi. Furthermore, Cenomi witnessed substantial progress on fl agship projects such as Jawharat Riyadh and Jawharat Jeddah, poised to redefi ne the concept of lifestyle destinations upon their completion. Notably, Jawharat Riyadh is slated to become the largest setting new benchmarks for architectural ingenuity and lifestyle enhancement. Furthermore, Deyaar’s fi nancial prowess has been nothing short of impressive, with the company announcing a staggering 206% surge in net profi t in 2023 compared to the preceding year. This remarkable feat is complemented by a robust 56% upswing in total revenue during the same period, refl ecting Deyaar’s unwavering resilience and astute fi nancial stewardship amidst challenging market dynamics. Looking ahead, Deyaar remains fi rmly committed to its mission of driving sustainable growth and fostering community-centric development initiatives that leave an indelible impact on Dubai’s urban fabric. With a burgeoning portfolio of innovative projects and a steadfast focus on customer-centricity, Deyaar is poised to continue its transformative journey as a trailblazer in Dubai’s real estate landscape under the dynamic leadership of Saeed Mohammed Al Qatani. lifestyle destination in the region, setting new standards for consumer spending. In the fi nancial arena, Cenomi Centers, under Mourad’s stewardship, successfully secured major fi nancing deals, including Shariah-compliant facilities and a USD- denominated Sukuk, refl ecting investor confi dence and robust market demand. Beyond fi nancial achievements, Mourad has championed corporate social responsibility initiatives, forging partnerships to deploy solar panels across 13 malls, aiming to generate renewable energy and reduce carbon emissions. Additionally, Cenomi’s collaboration with Dar Al Uloom University underscores its commitment to fostering education and empowering national talents. As Cenomi Centers continues to expand its footprint with plans to open six new centres over the next three years, Mourad’s visionary leadership ensures the company’s continued growth trajectory and its contribution to sustainable development and community empowerment.Next >