Mohamed Alabbar is one of the most famous businessmen in the Arab world in general and the Gulf in particular. His fame is due to the role he played in establishing the Emirate of Dubai in its modern architectural form. And make it one of the most popular tourist destinations in the world.

Emirati businessman Mohammed Alabbar ranked second in the list of the 100 most powerful Arab personalities in 2009. According to Arab Business Magazine.

Alabbar has become one of the most prominent economic names in the Middle East. And he had unforgettable contributions in establishing the current image of the Emirate of Dubai and transforming it into what it is today. As one of the most important financial and commercial centers in the world.

The birth and upbringing of Muhammad Al-Abbar

Mohammed bin Ali Alabbar was born on November 8, 1956 in Dubai. of a father who works as a captain of a merchant ship, And who instilled the love of science and work in his son Muhammad.

After completing his primary education in the UAE, In the seventies, Alabbar received a government scholarship to study finance and business administration at Seattle University, USA. He graduated in 1981 with a degree in Business Administration.

The beginnings of Muhammad Al-Abbar

Alabbar started his career working for the Central Bank of the UAE as a Banking Manager. Then he moved to Singapore, where the UAE assigned him to manage its money and investments there.

Alabbar returned to Dubai in 1992. And he started working as the founding general manager of the Department of Economic Development, By virtue of his position, He established a close relationship with Sheikh Mohammed bin Rashid Al Maktoum, ruler of dubai, He later became one of his most important economic advisors. Where he worked with him to develop the tourism industry in Dubai, And striving to reach the world.

The most prominent achievements of Muhammad Al-Abbar

Alabbar contributed to the launch of the Dubai Shopping Festival for the first time in 1996. where he met with great success, It managed to attract more than two million visitors. As a result, In the same year, he was chosen by a world famous organization as one of the most important stars of international marketing.

in 1997, Founder of Emaar Properties, To later become one of the most important real estate companies in the world, As it works to develop important real estate sites in the Middle East, Southeast Asia and Africa, In addition to developing a number of Dubai’s most prominent landmarks such as the Burj Khalifa (the tallest building in the world) and the Dubai Mall (the largest shopping center in the world).

One of Alabbar’s notable achievements is that he founded the RSH Group. It is a company for the most famous international fashion brands, In addition, he is the Chairman of the Board of Directors of Africa Middle East Resources, operating in the field of entertainment and hospitality in Malaysia.

The most important investments of Mohammed Alabbar

Emirati businessman Mohammed Alabbar led a group of investors to purchase a combined 16.45% stake in Aramex. Based in Dubai.

This was part of his plan to build an e-commerce platform across the Arab world.

Then he founded Noon.com. Which later became the largest company for this trade in the GCC countries.

Alabbar also owns 4% of the shares of YNAP. It is a global company selling fashion products online.

And in June 2016, He made his most prominent deals when he did, by purchasing Milkana Group, Which owns famous fast food restaurants in the Middle East such as KFC and Pizza Hut. And this was done in a huge deal that cost more than 2 billion dollars.

We conclude with one of the principles adopted by Alabbar, which had a major role in his success and his determination to reach:

Many mistakes are very important for learning. Also, the need to start quickly. Not hesitating to postpone the steps, Self-development and review of future plans

Emirati billionaire Mohammed Alabbar.