His recently launched ‘Dubai strategic plan 2015’ aims to achieve a GDP of 8 billion by 2015.
In 2007, the ‘UAE Government Strategy’ introduced by the Sheikh refurbished the government, resulting in a more effective structure.
Besides having a fisted political power in the country and across the region, he has been one of the few political figures providing constant humanitarian assistance.
Mohamed Alabbar, the chairman of Emaar properties, broke the record by erecting the world’s tallest building ‘Burj Khalifa’ in 2010, at a time when the regions real estate market was in turmoil.
Alabbar has been a pivotal figure in shaping and positioning Dubai as the commercial and lifestyle hub of the region.
He set up ‘The Dubai Mall’, which became the world’s most visited shopping and leisure destination with 54 million visitors in 2011, and launched the iconic retail trade event, Dubai Shopping Festival.
Named as the Middle East Personality of the Year in 2006 by Foreign Direct Investment magazine, Alabbar is a senior aide to Dubai’s ruler.
He’s power expands into Africa, where he owns a mining empire, Africa Middle East Resources, that operates in eight African countries.