Arabtec names construction unit chief
Dubai, April 3, 2014
Arabtec Holding, a leading engineering and constructions group, has appointed Dr Nabil Ailabouni as the chief executive officer of Arabtec construction.
Dr Ailabouni will be responsible for the global operations of Arabtec construction, reporting directly to the chairman of Arabtec Construction and Arabtec Holding’s managing director and CEO Hasan Ismaik.
He will lead the current pipeline of major projects and driving the company’s growth vision, said a company statement.
His immediate focus will be on delivery of major projects recently bagged by Arabtec Construction and ensuring fulfilment of the Company’s business plans and future expansion strategies.
Dr Ailabouni replaces Sami Asad, who has been reassigned as CEO of Arabtec Egypt for Real Estate Development, a newly formed wholly owned subsidiary of Arabtec which will engage in a host of major projects in Egypt.
Sami will be in charge of the one million housing units that Arabtec will develop and construct in 13 different locations across Egypt.
Dr Ailabouni brings to his new posting a versatile experience of executing multidisciplinary projects in the oil & gas sector, marine, commercial and residential construction sector, said the statement.
He joined Target Engineering in 1978 as a civil engineer and has through the years accepted complex assignments. Rising to the top post of CEO, Dr Ailaboiuni used his fine leadership skills to steer Target Engineering to a leading position in its sector, it stated.
An American University of Beirut (AUB) alumni for his graduate and post graduate civil engineering studies, Dr Ailabouni pursued his PhD through the University of Brighton, UK.
Commenting on the appointment, Hasan Ismaik said: “Dr. Ailabouni joins us at a very exciting time as Arabtec is fast becoming the partner of choice for major clients in the UAE, Mena and beyond, and our backlog is exceeding historical levels. Dr. Ailabouni is held in high esteem amongst the construction sector in the UAE. He is undoubtedly an invaluable asset who will help lead Arabtec to deliver our ambitious strategy for growth.”
The appointment is in line with our efforts to attract top-notch professionals to Arabtec’s executive management team in order to meet the demands of our growing backlog and help translate our strategic objectives into sustainable returns for our shareholders,” Ismaik added.
On his new role, Dr Ailabouni said: “It is a great honour to join the Arabtec team and be part of its monumental growth. The major strides the company has made in such a short span are a tribute to the soundness of our strategy for growth. I look forward to see Arabtec grow, in a few years, into a global leader with yet wider client base and more impressive achievements.”-TradeArabia News Service