Alabbar of Emaar focuses on 10 Billion USD mining company
For a real estate developer such as Mohammad Alabbar, chairmain of Emaar, the Emirati company, there is no time to waste on such trivialities as rest. After completing the world famous Burj Khalifa, he has decided to form a new company, focusing on mining, and has set himself a lofty goal – being a $10 billion company in 3 years. For a man who claims to work “seven days a week day and night, that’s the only way we do business,” perhaps success is not too far off.
This new venture will have Alabbar’s new African Middle East Resources (AMER) partnering with Malaysian businessman Tan Sri Syed Mokhtar Al-Bukhary. He is the same mogul who is partnering with Alabbar on another project, the $1.6 billion venture Gulf International Investment Group, an aluminum smelter company. They will focus on the mining of coal, copper, oil and gas, and gold, and are already interested in mining operations in Guinea-Conakry, Madagascar, Uganda, Niger, Gabon, Ghana, Congo and Equatorial Guinea, and perhaps even the unstable Zimbabwe. In typical Alabbar fashion, he says that “you can wait till everything is fine and then be behind the queue….”
For a real estate developer such as Mohammad Alabbar, chairmain of Emaar, the Emirati company, there is no time to waste on such trivialities as rest. After completing the world famous Burj Khalifa, he has decided to form a new company, focusing on mining, and has set himself a lofty goal – being a $10 billion company in 3 years. For a man who claims to work “seven days a week day and night, that’s the only way we do business,” perhaps success is not too far off. This new venture will have Alabbar’s new African Middle East Resources (AMER)...
For a real estate developer such as Mohammad Alabbar, chairmain of Emaar, the Emirati company, there is no time to waste on such trivialities as rest. After completing the world famous Burj Khalifa, he has decided to form a new company, focusing on mining, and has set himself a lofty goal – being a $10 billion company in 3 years. For a man who claims to work “seven days a week day and night, that’s the only way we do business,” perhaps success is not too far off.
This new venture will have Alabbar’s new African Middle East Resources (AMER) partnering with Malaysian businessman Tan Sri Syed Mokhtar Al-Bukhary. He is the same mogul who is partnering with Alabbar on another project, the $1.6 billion venture Gulf International Investment Group, an aluminum smelter company. They will focus on the mining of coal, copper, oil and gas, and gold, and are already interested in mining operations in Guinea-Conakry, Madagascar, Uganda, Niger, Gabon, Ghana, Congo and Equatorial Guinea, and perhaps even the unstable Zimbabwe. In typical Alabbar fashion, he says that “you can wait till everything is fine and then be behind the queue….”
