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Power 60 Power 60 2018

#35: HE Sheikh Sultan bin Ahmed Al Qasimi, ARADA

It has been an incredibly busy year for ARADA, which was founded in December 2016, as the UAE’s newest developer. The developer launched its first project, Nasma Residences in March 2017, with the first phase selling out in less than a month.

ARADA’s second project, the Aljada mixed-use megaproject, was launched in September last year. Over the course of the 12-month period, ARADA launched two phases for sales, and began enabling works onsite in April. In addition, a series of key contracts was awarded at Aljada, including the infrastructure design contract to Jacobs Engineering, and the design for the Central Hub to Zaha Hadid Architects

Ahmed Alkhoshaibi, ARADA CEO, tells CBNME: “As the CEO, I oversee operational management of every aspect the company, under the guidance of our chairman, HE Sheikh Sultan bin Ahmed Al Qasimi, and vice chairman, HRH Prince Khaled bin Alwaleed bin Talal. In the 18 months since ARADA has founded, the organisation has grown at a rapid pace, and now has a staff of some 200 professionals, all with relevant experience from some of the region’s most prominent construction-related companies.”

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