Thursday, June 22, 2017

Emaar Properties names Jain Group CEO

Dubai's Emaar Properties, leading property developer and builder of the world's tallest tower Burj Khalifa, has appointed Amit Jain, as the new Group chief executive officer.

An industry veteran, Jain has over 20 years of experience in senior positions with real estate, banking industries and as management consultant. He is a Chartered Accountant from the Institute of Chartered Accountants of India and a CFA Charter holder from the CFA Institute, US.

He was previously the group's chief operating officer and chief executive of Emaar's Dubai operations, said the company in a statement.  

Since Emaar's former CEO Abdullah Lahej left the company to take his responsibility at Dubai Properties Group in April last year, Jain had been handling the responsibilities of the CEO position on an acting basis.

In another development, Emaar's hospitality unit has confirmed that it will be managing its first hotel in Saudi Arabia.

“We would like to clarify that entering into a hotel management agreement is in the normal course of business for Emaar Hospitality,” Emaar Properties said in a statement issued to the Dubai Financial Market (DFM).

The agreement is not expected to have a material impact on Emaar Properties’ financials, it added.-TradeArabia News Service

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