ID :
18555
Tue, 09/09/2008 - 13:14
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https://oananews.org//node/18555
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Tatweer undergoes major revamp
Dubai, Sept 8, 2008 (WAM) - Tatweer, a subsidiary of Dubai Holding that is behind the Dubailand project, said on Monday it is restructuring its operations to match its rapidly expanding portfolio across various industries and to enhancing corporate governance according to report published in the Dubai-based daily Gulf News.
The new structure of Tatweer will bring its business units across six diverse sectors under two divisions Tatweer Dubai and Tatweer Investments.
"The restructuring reflects the beginning of a new phase for Tatweer as a pioneering holding company, and will set the pace for the conglomerate to enter its next growth stage that will see the timely delivery of its ambitious projects," the company said.
Tatweer said it will take the Dubai model of its business overseas, reflecting its own global expansion.
As the executive chairman of Tatweer as holding company, Saeed Al Muntafiq is responsible for the creation and overall delivery of the strategic plan, corporate governance, risk management, and people development.
"Tatweer's restructuring initiative is in response to its enormous growth curve. It also marks the transition of Tatweer from its initial phase of identifying core business areas to its next state of delivering critical projects in Dubai while establishing a sound base for international growth," Al Muntafiq said.
"The new organisational structure is built around our core values of higher accountability, operational priorities, and performance management. It will additionally elevate one of Dubai's home-grown corporate entities to global status, further consolidating Dubai's rapidly evolving international profile," he said.
Tatweer Dubai will be led by chief executive officer Khalid Al Malek. It will focus on scheduled project delivery within the UAE and advance strategic long term partnerships with organisations such as Partners-Harvard Medical International, Tiger Woods, and Universal Studios. Tatweer Dubai's entities comprise Dubai Healthcare City (DHCC), Dubailand, Bawadi, Theme Parks Cluster, and Dubai Industrial City.
Foray:
Tatweer Investments is led by chef executive officer Ahmad Sharaf. It will drive Tatweer's foray into international markets, leveraging its synergy with global strategic partners. Tatweer Investments will extend Tatweer's existing intellectual property portfolio and generate innovative IP driven investments and partnerships overseas. It will support Mizin in its goal of becoming a developer of choice in the UAE, and establish new businesses in the food industry through alliances with leading international brands.
"Establishing the two companies creates a solid platform for succession planning and national development through the creation of more opportunities for leadership positions for UAE nationals," Al Muntafiq added.
Appointments: New heads of units
In the new management lineup, Muhadditha Al Hashimi, previously the chief executive officer of Dubai Healthcare City, has been appointed as deputy chief executive officer of Tatweer Dubai.
Further appointments within the entities include Mohammad Al Habbai as seniorvice-president of Dubailand, and Aisha Abdullah as seniorvice-president of Dubai Healthcare City, and Ayesha Al Muttawa as vice-president for the Centre for Healthcare Planning and Quality.
Hussain Al Marzouqi will lead Tatweer Real Estates and Zoning as vice-president, while Rashid Al Ansari will be the vice-president of Dubai Industrial City, and Arif Mubarak as vice-president of Bawadi.
Abdul Redha Ali Bin Redha will assume the role of project director of Global Village, while Abdullah Al Gurg will continue as project director of Tiger Woods Dubai.
The new structure of Tatweer will bring its business units across six diverse sectors under two divisions Tatweer Dubai and Tatweer Investments.
"The restructuring reflects the beginning of a new phase for Tatweer as a pioneering holding company, and will set the pace for the conglomerate to enter its next growth stage that will see the timely delivery of its ambitious projects," the company said.
Tatweer said it will take the Dubai model of its business overseas, reflecting its own global expansion.
As the executive chairman of Tatweer as holding company, Saeed Al Muntafiq is responsible for the creation and overall delivery of the strategic plan, corporate governance, risk management, and people development.
"Tatweer's restructuring initiative is in response to its enormous growth curve. It also marks the transition of Tatweer from its initial phase of identifying core business areas to its next state of delivering critical projects in Dubai while establishing a sound base for international growth," Al Muntafiq said.
"The new organisational structure is built around our core values of higher accountability, operational priorities, and performance management. It will additionally elevate one of Dubai's home-grown corporate entities to global status, further consolidating Dubai's rapidly evolving international profile," he said.
Tatweer Dubai will be led by chief executive officer Khalid Al Malek. It will focus on scheduled project delivery within the UAE and advance strategic long term partnerships with organisations such as Partners-Harvard Medical International, Tiger Woods, and Universal Studios. Tatweer Dubai's entities comprise Dubai Healthcare City (DHCC), Dubailand, Bawadi, Theme Parks Cluster, and Dubai Industrial City.
Foray:
Tatweer Investments is led by chef executive officer Ahmad Sharaf. It will drive Tatweer's foray into international markets, leveraging its synergy with global strategic partners. Tatweer Investments will extend Tatweer's existing intellectual property portfolio and generate innovative IP driven investments and partnerships overseas. It will support Mizin in its goal of becoming a developer of choice in the UAE, and establish new businesses in the food industry through alliances with leading international brands.
"Establishing the two companies creates a solid platform for succession planning and national development through the creation of more opportunities for leadership positions for UAE nationals," Al Muntafiq added.
Appointments: New heads of units
In the new management lineup, Muhadditha Al Hashimi, previously the chief executive officer of Dubai Healthcare City, has been appointed as deputy chief executive officer of Tatweer Dubai.
Further appointments within the entities include Mohammad Al Habbai as seniorvice-president of Dubailand, and Aisha Abdullah as seniorvice-president of Dubai Healthcare City, and Ayesha Al Muttawa as vice-president for the Centre for Healthcare Planning and Quality.
Hussain Al Marzouqi will lead Tatweer Real Estates and Zoning as vice-president, while Rashid Al Ansari will be the vice-president of Dubai Industrial City, and Arif Mubarak as vice-president of Bawadi.
Abdul Redha Ali Bin Redha will assume the role of project director of Global Village, while Abdullah Al Gurg will continue as project director of Tiger Woods Dubai.
