Economy Middle East

The real estate sector in the region has seen a tremendous transformation, with mega malls, skyscrapers, luxury villas and commercial buildings attracting investors’ attention around the globe. These have been only possible due to the vision and dedication of some of the reputed leaders in the sector. Here is our List of the 30 Real Estate Visionaries reshaping the Gulf's realty landscape. HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman, Dubai Holding   H.H. Sheikh Sultan Bin Ahmed Al Qasimi, Chairman, Arada    H.E. Reem Al Hashimy, CEO, Expo City Dubai Authority   H.E. Eng. Marwan bin Ghalita, acting director general, Dubai Land Department Rashed Al Omaira, acting director general, Abu Dhabi Real Estate Centre - مركز أبوظبي العقاري  Mohamed Alabbar, founder and managing director, Emaar Properties  Talal Al Dhiyebi, group CEO, ALDAR Properties  Hussain Sajwani, founder and chairman, DAMAC Properties  Abdulaziz Ibrahim Alnowaiser, CEO, Emaar, The Economic City (EEC)    Nadhmi AlNasr, CEO, NEOM  Muhammad BinGhatti, Chairman, Binghatti Holding    Mahdi Amjad, founder and executive chairman, OMNIYAT   Mohamed Abdalla Al Zaabi, group CEO, Miral  PNC Menon, founder, Sobha Realty John Pagano, group CEO, Red Sea Global Michael Dyke, CEO, New Murabba  Dr. Khalid Johar, acting group CEO, ROSHN l روشن H.E. Jassem Mohammed Bu Ataba Al Zaabi, Chairman, Modon  Jerry Inzerillo, Group CEO, Diriyah Company l شركة الدرعية Naguib Sawiris, chairman and CEO, ORA Developers H.E. Abdullah bin Hamad Al Attiya, Chairman, Qatari Diar Ahmed Al Sulaim, CEO, شركة وسط جدة للتطوير | Jeddah Central Development Company   Rizwan Sajan, founder and chairman, Danube Properties Mirwais Azizi, founder and chairman, Azizi Developments  Hisham Talaat Moustafa, CEO and managing director, Talaat Moustafa Group Saeed Al Qatami, CEO, Deyaar Development PJSC Abeer Al Akel, acting CEO, Royal Commission of AlUla Development Company   Ibrahim Jassim Al-Othman, President and CEO, United Development Company (UDC) Eng. Amer Khansaheb, CEO and board member, Union Properties PJSC   Carlos-Antonio Wakim, CEO, Bloom Holding   Read the full list: https://lnkd.in/dy2-vr6i #RealEstate #Leadership #Gulf

During Abu Dhabi Business Week 2024, His Excellency Ahmed Jasim Al Zaabi, Chairman of the Abu Dhabi Department of Economic Development (ADDED), launched four strategic initiatives to empower businesses and accelerate growth in #AbuDhabi. “We are accelerating momentum. These four strategic initiatives collectively form the foundational core of the broader economic landscape of Abu Dhabi, a catalyst that encourage the growth of existing business and those that are yet to exist,” Al Zaabi stated. Read more: https://lnkd.in/dxQNCrVV Abu Dhabi Investment Office Abu Dhabi Chamber of Commerce and Industry #ADbusinessweek #Businessgrowth

His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince of Saudi Arabia, Prime Minister and Chairman of the Council of Economic and Development Affairs, recently launched the National Red Sea Sustainability Strategy. The strategy aims to protect the Red Sea, empower communities and pave the way for the transition to a blue economy. Read more: https://lnkd.in/d-Mw2mX5 #SaudiArabia #MBS #SaudiVision2030 #RedSea #BlueEconomy

Saudi Arabia's economy is poised for growth in 2025, with GDP expected to rise by 1.1%. The non-oil sector is leading the charge, projected to grow by 4.6% according to The World Bank. Growth is anticipated to accelerate to an average of 4.7% in 2025-2026, supported by higher oil output, while the non-oil sector remains steady at around 4.5%. Read more: https://lnkd.in/dFpsnwx3 #SaudiArabia #GDP #EconomicGrowth #WorldBank

UAE's economy is projected to grow by 3.3% in 2024, primarily driven by a sustained increase of 4.1% expansion in the non-oil sector, with key contributions from tourism, real estate, construction, transportation, and manufacturing, according to The World Bank. Looking ahead, GDP growth is expected to accelerate to 4.1% in 2025-2026, supported by a recovery in oil production and continued diversification efforts. Read more: https://lnkd.in/dFpsnwx3 #UAE #GDP #economicgrowth #worldbank

The Gulf Cooperation Council (GCC) region is forecasted to experience modest economic growth of 1.6% in 2024, with a stronger rebound to 4.2% projected for 2025-2026, as detailed in the Fall edition of the Gulf Economic Update released byThe World Bank Group. This growth is largely fueled by the continued expansion of the non-oil sector, which is expected to grow by 3.7%, underpinned by ongoing diversification initiatives and ambitious regional reforms. Read more: https://lnkd.in/dFpsnwx3 #GCC #Gulf #GDP #Economicgrowth #WorldBank

Countdown to ADFW 2024! In this Special Edition by Economy Middle East, discover all-you-need-to-know about ADGM’s annual event with our detailed day-by-day guide, must-attend talks, exciting new events, top speakers from the world of business and finance, and more. Check out the online edition now: https://lnkd.in/dfhNWg6X Don’t forget to grab your copy at the event! #ADFW #ADFW2024 #EconomyMiddleEast #ADfinanceweek

As the world changes rapidly, new challenges continue to affect mental well-being. In this context, prioritizing #mentalhealth is no longer optional. Companies that embrace a people-first approach will attract top talent, boost productivity, and build resilience to thrive in a fast-evolving business landscape. PwC’s Hopes and Fears report reveals that only 33% of employees in the Middle East feel their well-being is a priority at work. Mental well-being takes consistent effort, especially in the workplace, where stress, #anxiety, and #burnout have become increasingly common. Sustainable improvements happen only when #businesses embed mental health into the core of their strategy and operations. Read more: https://lnkd.in/d-GTzA6P Authored by: Professor Cathy Tinsley, Raffini Professor of Management, Georgetown University McDonough School of Business, Dubai Executive MBA Program #Workplace #Wellbeing #MentalHealthMatters

Abu Dhabi's largest business event; dive into a transformative experience featuring 10 impactful events designed to connect, inspire, and empower businesses. Discover new opportunities, build strategic partnerships, and be part of Abu Dhabi’s remarkable economic growth. Don’t miss out on shaping the future of business! For more details, please visit ADbusinessweek.com #ADBusinessWeek #AbuDhabi #Business Abu Dhabi Business Week Abu Dhabi Department of Economic Development Abu Dhabi Investment Office Abu Dhabi Chamber of Commerce and Industry

In this interview with Economy Middle East, Ousmane Dione, vice president for the Middle East and North Africa at The World Bank, discusses the recently signed agreement for the Pan-Arab electricity market and its significance for the region. “Between 2018 to 2035, just by enforcing and implementing the Pan-Arab electricity market, countries will be able to save between 107 billion U.S. dollars to 196 billion U. S. Dollars in terms of investment, which they should have undertaken if the Pan-Arab Electricity Market didn't happen,” says Dione. He also discusses the role the World Bank plays in supporting the Pan-Arab electricity market, and how it aligns with the bank's broader strategy in the region. One of the aspects of the World Bank's engagement in the Pan-Arab electricity market agenda was related to looking at the potential of renewables in the region. “The region is well endowed with renewable energy resources. By helping countries to better define and design better policies, better regulations... They were able to set high milestones on the way they could develop much more renewable energy. And in doing so, there are two factors which are also crucial. One is related to the job creation and opportunities that this agenda is bringing” says Dione. “We estimate that a country like Egypt will be able to create up to 2 million jobs in this agenda. A country like Morocco will be able to create up to 700,000 jobs in this agenda. And all of that will contribute somehow to the way the economy of the region prospers” he adds. For more insights watch the full interview. #TheWorldBank #Interview #PanArab #electricity #market #renewable