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EMAAR TELLS CONTRACTORS TO PREPARE FOR “NEW NORMAL AND NEW DAWN.”

6月 7, 2020

Emaar holds the final session of special virtual conferences with key stakeholders

Emaar chairman Mohamed Alabbar has told the UAE’s leading contractors that they must prepare for a new way of working as the economic activity gradually starts to pick up.

In the final of a special series of virtual conference calls with key stakeholders, Alabbar said: “None of us have faced anything like this before, and as we work together I am confident that as a company and a country we will come out of this crisis. But we must now prepare for a new way of working. There is a new normal, a new dawn, that awaits us.”

He added: “Together, we must look closely at our systems, our productivity, our efficiencies, our technologies. This is the time for us to take stock not just of our great achievements in the past two decades, but how we can continue to develop the UAE’s world class infrastructure, communities and cultures.”

Alabbar also committed to meeting with the contractors once every three months to review the on-going crisis, and to ensure their own stability. He explained: “You have grown with us on this incredible journey as true partners. Now is the time for us to protect you in any way we can, and make sure that both of us are in a strong position to benefit from the recovery that I am certain will come.”

About Emaar Properties PJSC

Emaar Properties PJSC, listed on the Dubai Financial Market, is a global property developer and provider of premium lifestyles, with a significant presence in the Middle East, North Africa and Asia. One of the world’s largest real estate companies, Emaar has a land bank of 1.6 billion sq. ft in the UAE and key international markets.

With a proven track-record in delivery, Emaar has delivered over 56,000 residential units in Dubai and other global markets since 2002. As the second largest developer outside of China, Emaar has strong recurring revenue generating assets with over 880,000 square meters of leasing revenue generating assets and 21 hotels and resorts with 4,679 rooms (includes owned as well as managed hotels). Emaar’s current pipeline of developments includes cutting-edge residential and mixed-use projects such as Dubai Hills Estate, Dubai Creek Harbour, Mina Rashid and Emaar South.

Emaar’s successful track record has been recognized by a number of awarding bodies including Forbes Magazine which in 2019 listed Emaar Properties among the Top 20 in a list of The World’s Best Regarded Companies. This is in addition to placing first in the Forbes Middle East 2017 list of 100 leading real estate companies in the Arab World.

Today, 46 per cent of Emaar’s revenue is from its shopping malls & retail, hospitality & leisure and international subsidiaries. Burj Khalifa, a global icon, and The Dubai Mall, the world’s most visited retail and lifestyle destination, are among Emaar’s trophy developments. Emaar has now announced, Dubai Creek Tower, a magnificent icon that will serve as the centrepiece of the Dubai Creek Harbour development, as well as Dubai Square, the retail metropolis of the future. For more information, please visit our website www.emaar.com

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