The annual list of the Middle East’s Top 60 most prominent contractors, real estate developers, consultants, facilities management companies features more than 11 new entries from across the region, putting in the spotlight the current improving outlook of the sector. These new entries have altered the entire corporate dynamics of the Power Hour 2019.
We reveal who got placed from Ranking 11 to 15 below:
11. Mustafa Sani Sener, CEO and President TAV Group
Dr Mustafa Sani Sener has been the CEO, president, and executive director of TAV since 1997. Sener assumed various positions from project manager to general manager in many domestic and international projects. He serves as a member of board of directors of the Airports Council International (ACI) Europe.
TAV Construction is a leading company in its sector, experienced in construction of airports, passenger terminals and intelligent buildings and highly competent in installation of all high-tech systems within these structures, requiring high-level of expertise and excellence. The company transfers its know-how and experience to local and international projects. In this sense, TAV Construction serves its Clients at the highest level of satisfaction, providing the most appropriate and desired solutions, with the best quality, without overlooking ethical values the company relies on.
The GCC is a huge area of focus for the company with the UAE, Saudi Arabia, and Bahrain, where its JV with Arabtec worked at the $1.1bn new terminal contract for Bahrain International Airport. Projects TAV has been a major contributor to include the Abu Dhabi Midfield Terminal Complex, design-and-build for Riyadh’s King Khaled Airport Terminal 5, Jeddah’s King Abdulaziz Airport Aircraft Maintenance Hangars, and many more.
12. Talal Moafaq Al Gaddah, CEO, MAG Development
Talal Moafaq Al Gaddah has benefited from the experience of his father, Moafaq Ahmad Al Gaddah, who paved the way for him to enter the professional world with confidence. With a continuous focus on quality and excellence, Gaddah has helped MAG LD to take a leading position among its competitors and contributed to transforming the UAEs real estate landscape by introducing innovative real estate concepts and identifying market needs.
As the CEO of the company, Gaddah drives the company’s overall direction and strategy while also guiding six departments, including finance, project management, sales, marketing, real estate development, and legal. His progressive vision is driving MAG LD to new heights with the introduction of pioneering developments that further the company’s mission to deliver long-term benefits and lasting quality to its investors and customers.
In statement on the company’s official website Talal said: “We believe that the future of MAG LD lies beyond brick-and-mortar; instead, it centres on creating unique concepts and new opportunities that proactively improve our customers’ lives. This continues the legacy of Moafaq Al Gaddah, Chairman and Founder of the MAG Group, whose life work has hinged on translating dreams into reality. Now, we are offering our customers not just buildings to live in, but new lifestyles to discover.”
13. HRH Prince Khaled bin Alwaleed bin Talal Al Saud, Founding Chairman, KBW Investments
KBW Investments, founded in 2014 by HRH Prince Khaled bin Alwaleed bin Talal Al Saud, has had a strong 12 months. At the end of May, master developer Arada, jointly founded by KBW Investments and Basma Group, began handing over the first phase of its development Nasma Residences, a little over two years since project launched in March 2017. The first phase of the community had sold out less than a month after its launch, making Nasma Residences the fastest-selling real estate project in Sharjah at the time. Construction on the developer’s flagship development, Aljada, is well under way including on Phase 1 of the Central Hub designed by Zaha Hadid Architects. Across both projects Arada has now sold more than 3,500 units since Nasma Residences was launched in March 2017, and recently announced that its first offices outside of the United Arab Emirates will be in Riyadh, Saudi Arabia.
The highly publicised acquisition of Raimondi Cranes (Raimondi) in 2014 is also demonstrating major traction in the GCC with numerous high profile jobsites and contractors of note opting for the manufacturer’s newest heavy lifters in both the luffing and topless tower ranges. Raimondi Cranes’ Middle East Commercial Director, Wael Hasan, was awarded Construction Executive of the Year at the 2019 Construction Innovation Awards, both for greatly increasing the company’s visibility on jobsites of note and also for enhancing company infrastructure across knowledge building and growth trajectory metrics. On a global scale, Raimondi showcased three cranes onsite at Bauma in April, the luffing LRH174, the luffing LR273, and its largest ever crane to date: the flattop MRT573. The company continues to expand its already impressive global agent roster, and over the past 12 months added several new countries to its list of locations where new Raimondi cranes can be found installed and working on major jobsites including South Africa, Cyprus, and Romania.
Prince Khaled’s other portfolio companies have also recorded positive results during the year, with architecture company Arcadia continuing to work on various large-scale mixed-use developments in Europe and the UAE, and plans for large-scale roll-out of LED systems in Jordan progressing on track.
14. Mahdi Amjad, CEO of Omniyat
Mahdi Amjad founded Omniyat in 2005 with a vision to contribute to Dubai’s skyline through the development of modern commercial and residential buildings. He is the executive chairman and CEO of what has become one of Dubais fastest growing and most significant players in the real estate industry.
Over the last decade, Amjad has lead Omniyat to become a leading privately-held property developer that has dynamically enhanced the city’s skyline with landmark projects. He has led Omniyat to put art and design at the heart of every one of its developments and has been instrumental in large-scale collaborations with award-winning and globally respected designers, including the late Dame Zaha Hadid, Foster & Partners, and Super Potato.
Amjad’s astute management capability, visionary outlook, and proactive decisions have helped Omniyat to orchestrate development of unique projects at vantage locations within master communities. The company’s consistent and bespoke approach to all projects, from their design through to their delivery, generates a superior value proposition in a variety of investment environments and is widely recognised as an industry benchmark in the Arab region.
He tells CBNME: “In 2005, I looked at Dubai’s skyline as my canvas and still today I am making my mark with brushstrokes of unique and landmark projects, and with many more projects in the pipeline continues to innovate and delight.”
15. Khalid Al Malik, Group Chief Executive Officer, Dubai Properties
Dubai Properties, the real estate division of the Ruler of Dubai’s investment vehicle Dubai Holding, appointed Khalid Al Malik as Group Chief Executive Office.
Khalid Al Malik was previously chief real estate officer at Dubai Holding. His new appointment comes after Dubai Properties’ former group chief executive Raed Al Nuaimi resigned months after being appointed to the position in a management reshuffle at Dubai Holding in February.
Dubai Properties Group (DPG) is the leading real estate master developer in the UAE. It has been at the forefront of Dubai’s meteoric real estate developments, since its inception. Recognising the need for masterful planning of strategic and sustainable mixed-use destinations in the dynamic, fast-developing and diverse city, it has established itself as one of the largest, most innovative, diverse and reliable real estate developer and management businesses in Dubai.
A member of Dubai Holding, Dubai Properties Group delivers holistic real estate solutions that meet the needs of investors, businesses, residents and visitors through its subsidiaries, Dubai Properties, a renowned real estate developer and asset manager and Ejadah Asset Management Group, its real estate service provider.