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Alabbar. Image courtesy: WEF via Wikimedia Commons.

Emaar has enough land bank: Alabbar

DUBAI, April 14, 2015

Dubai-based Emaar has a land bank of more than 235 million sq m and it is enough for decades to come, the company's chairman has been quoted as saying.

Mohamed Alabbar, in an interview with  Arabian Business, said he had never revealed the land bank figures earlier, "but maybe I should have, so people can understand the sheer size of what we do.”

Rejecting media speculation on his role with Emaar, he said he would stand for re-election as Emaar chairman at the company’s AGM on Wednesday.

"I have great respect for our shareholders… I am confident they will do the right thing (at the AGM),” he said in the interview.




Tags: Emaar | interview | Alabbar |

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