You've disabled JavaScript in your web browser. The partners spent a year studying the feasibility of their business idea. “So, for me it [to convince him] was not that difficult also because our market is really an attractive place for any industry in terms of the population, the adoption of technology, and so on. Teaming up with Chantalle Dumonceaux, whom she met while studying at the American University of Paris, Freiha launched Womena, the country’s only fully manager-led women’s angel investor group, with two goals in mind – to provide a platform for HNWI women to make educated and informed investment decisions and to secure funding for the region’s promising early stage technology businesses. [1][2] Alabbar, who acts as a top adviser to the Ruler of Dubai and Vice President and Prime Minister of the United Arab Emirates, Sheikh Mohammed bin Rashid Al Maktoum, formerly served as the founding director general of the Dubai Department of Economic Development.[3][4][5]. [52], Alabbar serves as the Founding Partner of Capital City Partners (CPC), a private real estate investment and development firm. “From what I read, a lot of these companies burnt a lot of money. “For the first eighteen months, it was a tough time,” Rashid says. ‎Everything about endurance racing in one app! LinkedIn recommends the new browser from Microsoft. [35], Alabbar spearheads several business entities in the UAE and in overseas markets. It took us one year to search for the chief digital officer for Emaar. Analysts said access to the package distribution company could help Alabbar build an online business. Alabbar owns 40% of the joint venture and YNAP 60%. “But we’re going in the opposite direction, doing something different and trying to make an impact.”. In September 2007, Alabbar became the first person to complete a trip on a private jet to Pyongyang, North Korea, flying in from Seoul, South Korea, and flying out the next day to the northeastern Chinese city of Dalian. Stay up to date, subscribe to our newsletters. So it gave us a first-mover advantage with some brands.”. Alabbar worked with Sheikh Mohammed bin Rashid Al Maktoum to drive the development and growth of both Dubai's tourism industry and global reputation. The venture will manage YNAP's multi-brand online stores in the GCC including Net-a-Porter, Mr. Porter, Yoox, and the Outnet. [55] Alabbar is also an active member of the UAE's endurance horse racing community. ). To secure Noon’s taking the “lion’s share” of this sum, Alabbar previously acquired Kuwait Food Co, which owns the Middle East franchises for KFC and Pizza Hut, for US$2.4bn; led two investor groups to buy a combined 16.45 percent stake in Aramex, a Dubai-based courier; and formed a joint venture with YOOX Net-a-Porter (YNAP) to conquer the region’s online luxury retail sector. While that has its own plans to add new brands or acquire other companies, Rashid says e-commerce will play a starring role in the firm’s future. Reset Password link has been send to your email. [49] He also served as vice chairman of Dubai World Trade Center and chairman of Dubai Cable Company.[49]. I think they liked the experience and therefore the doors opened to other players. Among other announced digital projects are his plans to launch a phone messaging service for the Middle East to compete with WhatsApp. ابحث بسهولة و سرعة عن نتائج السباقات و معلومات الخيول و… Alabbar, through Alabbar Enterprises,[24] holds 4 per cent stake in online fashion retailer Yoox Net-a-Porter Group (YNAP). The region’s fast-growing online retail market appears to be his new playing field. [32][33][34], Alabbar made a secret visit to Israel in 2005 where he met with Ariel Sharon and Ehud Olmert. [6] Alabbar's father was the captain of a traditional trading vessel known as a dhow and raised his children in the Rashidiya area of Dubai. Brands it retails include 7 For All Mankind, Converse, Havaianas, Ray-Ban, and Seafolly. [10][13] In 1996, Alabbar initiated and organized the Dubai Shopping Festival which attracted over two million visitors for an entertainment and shopping event highlighted by street bazaars, fashion shows, food festivals, folklore and more. Available data on GCC family offices is scarce. He was also a lead investor in Jaona Investment, which acquired a 6.55 percent stake in Aramex. Why? The average transaction size on the website is $817— hardly surprising given the value of the products on offer – but some items retail for up to $20,000, and the biggest single transaction was “over AED100,000” ($27,200), Salama says. “We all go through cycles. Alabbar is the chairman of Tradewinds Corporation, a premier leisure and hospitality owner-operator in Malaysia, focused on developing world-class real estate developments in the country and in Southeast Asia. [46] He also initiated a social housing project in Egypt, The Beyout residential project for the economically underprivileged, which was handed over to the Supreme Council of Luxor Governorate. “Maybe from a strategic point of view, we are a large retailer, so I’m sure there will be synergies that our group can give the YNAP Group.

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