Finance World Magazine| Edition: February 2024
This edition of Finance World magazine delves into the intricate tapestry of family businesses that form the backbone of the UAE's economic landscape. While the world marvels at the skyscrapers that adorn the horizon, it is the stories of resilience, tradition, and financial acumen within these family enterprises that define the nation's economic fabric. The cover story highlights some of the influential family businesses that traverse diverse sectors within the UAE, weaving together a narrative that profoundly influences the nation's economic trajectory. Furthermore, articles such as 'Exploring The AlMulla Brothers' Visionary Approach to Healthcare' and 'Innovation in Elevation: Al Habtoor Real Estate's Landmark Projects of 2023' navigate the influential role of family businesses in driving growth within diverse sectors. Moreover, the magazine explores regulatory initiatives taken by the UAE to boost family businesses within the country and their consequential impact on the economy. Articles including, 'The Economic Significance of Family Businesses in the UAE' and 'UAE's Unified Registry Launch: Strengthening Family Business Governance' provide insights into these regulatory measures. Keep yourself up to date with all financial sector news with our current news segments. Each person can find something unique from us. We believe our readers deserve real value from what we have to offer.
This edition of Finance World magazine delves into the intricate tapestry of family businesses that form the backbone of the UAE's economic landscape. While the world marvels at the skyscrapers that adorn the horizon, it is the stories of resilience, tradition, and financial acumen within these family enterprises that define the nation's economic fabric.
The cover story highlights some of the influential family businesses that traverse diverse sectors within the UAE, weaving together a narrative that profoundly influences the nation's economic trajectory. Furthermore, articles such as 'Exploring The AlMulla Brothers' Visionary Approach to Healthcare' and 'Innovation in Elevation: Al Habtoor Real Estate's Landmark Projects of 2023' navigate the influential role of family businesses in driving growth within diverse sectors.
Moreover, the magazine explores regulatory initiatives taken by the UAE to boost family businesses within the country and their consequential impact on the economy. Articles including, 'The Economic Significance of Family Businesses in the UAE' and 'UAE's Unified Registry Launch: Strengthening Family Business Governance' provide insights into these regulatory measures.
Keep yourself up to date with all financial sector news with our current news segments. Each person can find something unique from us. We believe our readers deserve real value from what we have to offer.
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Cover Story<br />
Family Traditions,<br />
Business Triumphs:<br />
UAE’s Core Enterprises<br />
Obaid Khaleefa<br />
Al Jaber Al Marri<br />
Chairman, Al Jaber Group<br />
Sector: Diverse | Establishment: 1970<br />
Established in 1970, the Al Jaber Group embarked<br />
on a journey with a vision to contribute to the economic<br />
boom of Abu Dhabi. Initially focusing on the<br />
construction sector, the company evolved over the years<br />
into a privately owned, multi-disciplinary conglomerate<br />
with a strong presence in Abu Dhabi, the Kingdom of Saudi<br />
Arabia, and Qatar. Rooted in family values, the Al Jaber<br />
Group remains committed to its vision of being a leader<br />
in engineering, construction, and logistics.<br />
The core principles of safety and diversity have been<br />
pivotal in the Al Jaber Group’s sustainable growth. With<br />
a commitment to the safety of its people, the company<br />
invested in cutting-edge technologies and diversified its<br />
portfolio by launching shipping, transport, and heavy-lifting<br />
entities to complement its Construction Division.<br />
The success and achievements of the past 46 years are<br />
a testament to the group’s dedication and its role in the<br />
economic development of Abu Dhabi.<br />
Al Jaber Group operates across various sectors, including<br />
construction, logistics, industrial and trading,<br />
and joint ventures such as Deutsche Babcock Al Jaber<br />
(DEBAJ), Hytec Abu Dhabi, Trakker Middle East, and<br />
VEOLIA Environmental Services. The company’s vision<br />
is to be the leading provider in the GCC for engineering,<br />
construction, and logistics, with a reputation for delivering<br />
quality projects on time and within budget.<br />
As a multi-disciplinary conglomerate, Al Jaber Group<br />
employs over 55,000 professionals and boasts up-to-date<br />
facilities in the industrial hub of Abu Dhabi. The company’s<br />
workforce and facilities enable it to meet the dynamic<br />
demands of its target markets, providing exceptional<br />
engineering and information technology services.<br />
In addition to its prowess in construction, Al Jaber Group<br />
is an industry leader in oil & gas pipeline construction, oil<br />
rig refurbishment, industrial fabrication, heavy lifting, and<br />
heavy transportation. The group possesses an extensive<br />
fleet, including over 300 cranes and the country’s largest<br />
construction equipment/vehicle fleet, managing more than<br />
10,000 units under one umbrella.<br />
With a history of over 30 years in land and sea transportation<br />
and logistics in the UAE, Al Jaber Group’s fleet<br />
includes 25 ships with worldwide marine transportation<br />
capability. The company’s specialities encompass construction,<br />
infrastructure, industrial, engineering, trading,<br />
leasing of equipment, heavy lifting, marine, and logistics.<br />
Al Jaber Group’s revenue of $2.8 billion underscores<br />
its significant contribution to the regional economy and<br />
solidifies its position as a key player in the engineering<br />
and construction landscape.<br />
30 www.thefinanceworld.com <strong>February</strong> <strong>2024</strong>
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