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| Platinum Sponsor: Emaar Properties PJSCEmaar
Properties PJSC is one of the world’s largest real estate
companies and is rapidly evolving to become a global provider of
premier lifestyles. A Dubai-based Public Joint Stock Company, Emaar is
listed on the Dubai Financial Market and is part of the Dow Jones
Arabia Titans Index. Emaar has highlighted the remarkable global growth
of the company by debuting on the Financial Times Global 500 ranking,
which provides an annual snapshot of the world’s largest
companies. In tandem with Dubai’s rapid growth, Emaar has been shaping landscapes and lives in the Emirate since the company’s inception in 1997. Not just building homes, Emaar develops value-added, master-planned communities that meet the homebuyers’ full spectrum of lifestyle needs. A pioneer of innovative community-living concepts, Emaar is the prime mover of the Emirate’s real estate and construction sector. Reiterating its strong grip on fundamentals, the company announced record revenue of US$3.8 billion and net profits of US$1.74 billion for the financial year ended December 31, 2006. This corresponded to an increase in annual revenue by 68 per cent and net profits by 35 per cent. In 2005, Emaar was awarded the first-ever Euromoney Gulf Real Estate Award for Best Overall Developer in the UAE as well as Best Residential Developer in the UAE. Emaar sustained the winning streak by clinching the Euromoney Real Estate awards for Best Developer in the UAE in 2006 as well as Best Developer in Egypt in the same year. The company also won Construction Week’s ‘Developer of the Year’ award in October 2006 for its adherence to build quality, aesthetics, timely delivery and evidence of intelligent master-planning. An ISO 9001:2000 quality certified company, Emaar underscored its commitment to quality by winning the coveted Dubai Quality Award in 2006. Emaar has several real estate projects in its primary market of Dubai in various stages of completion. These include Dubai Marina – a luxurious waterfront project; Arabian Ranches – a premier desert-themed residential development; and Emirates Living, which comprises Emirates Hills, The Meadows, The Springs, The Greens, The Lakes and The Views – all community neighbourhoods. Emaar is on schedule with its most ambitious project within the UAE, the US$20 billion Downtown Burj Dubai development, which comprises Burj Dubai – the world’s tallest free-standing structure and building; The Dubai Mall – one of the world’s largest shopping and entertainment destinations; Burj Dubai Boulevard; Burj Dubai Square; The Lofts; Burj Dubai Lake Hotel and Serviced Apartments; The Old Town; The Old Town Island; The Residences; and South Ridge – all set amidst lakes, landscaped parks and gardens. Vision 2010 In line with its Vision 2010, Emaar is charting a new course of growth through a two-pronged strategy of geographical expansion and business segmentation. Replicating its successful business model in Dubai, Emaar is extending its expertise in creating master-planned communities to international markets. Simultaneously, Emaar is developing new competencies in hospitality & leisure, malls, education, healthcare and finance, which have evolved from its integrated approach to customer service and property development. Emaar is en route to becoming one of the most valuable companies in the world by 2010. Global presence With six business segments and more than 60 active companies, Emaar has a collective presence in over 36 markets spanning the Middle East, North Africa, Pan-Asia, Europe and North America. The company has established operations in the United Arab Emirates, Saudi Arabia, Syria, Jordan, Lebanon, Egypt, Morocco, Algeria, Libya, India, Pakistan, Turkey, Indonesia, USA, Canada and United Kingdom. Emaar’s international projects include: Marassi, an upmarket tourism resort; Uptown Cairo, a master-planned residential project; a residential community in New Cairo City; and Cairo Gate, a commercial cum residential development on the Cairo – Alexandria desert road - all in Egypt; Boulder Hills, a world-class leisure and residential community in Hyderabad; Mohali Hills in Punjab and The Palm Springs in Gurgaon, India; multiple resort projects in Morocco, including Amelkis II & III, Bahia Bay, Oukaimeden, Saphira and Tinja - luxury residential golfing communities; Samarah Dead Sea Golf & Beach Resort in Jordan; Eighth Gate project in Damascus, the city’s first master planned community; Highlands and Canyon Views in Islamabad, and Crescent Bay in Karachi, Pakistan; Tuscan Valley Houses in Istanbul; and a residential and leisure project in Lombok Island, Indonesia. In Saudi Arabia, Emaar is developing King Abdullah Economic City, a mixed-use project located on the Red Sea coast. The largest private sector-led development in the region, King Abdullah Economic City will sprawl over 168 million sq m and features six distinct components - a modern world-class Sea Port, Industrial Zone, Central Business District (including commercial, mixed-use, retail and Financial Island), Resort Zone, Educational Zone and Residential Communities (including corniche and souks) and has the potential to create 1 million jobs. Emaar has also announced its largest-ever global mega-project in Libya to develop the Zowara-Abou Kemash area on the Mediterranean coast near Tripoli. Strategic acquisitions and partnerships Expanding its portfolio further, Emaar forayed into the US by acquiring John Laing Homes, the second largest privately held homebuilder in the country. Emaar also joined hands with The Turner Corporation, USA’s leading building services provider, to form a new entity, Turner International Middle East Ltd to jointly tap regional growth opportunities. In a move that scaled up its core competency in product sales across the international arena, particularly the Western hemisphere, Emaar acquired Hamptons International, a UK-based premier real estate company. While continuing to actively pursue expansion in its core business of innovative, high quality real estate development, Emaar has diversified into related business lines to further build value for its shareholders, which includes the Government of Dubai. For further information, visit www.emaar.com. |