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Power Hour 2020: Ahmed Alkhoshaibi, CEO of Arada, Ranks 13th

CBNME’S Power Hour Annual List of the Middle East’s Top 60 features the most prominent Contractors, Real estate Developers, Consultants, Architects, Facilities Management, Asset Management Companies, and so much more that encapsulates the construction industry.

These influential leaders have reshaped the industry with their introduction of new innovative strategies and thought leadership that makes them stand apart in 2020.

You can check out the full coverage of the Power Hour here.

13. Ahmed Alkhoshaibi, CEO of Arada

As the founding CEO of Arada, Ahmed Alkhoshaibi oversees 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 short period of time since Arada has founded, the organisation has grown at a rapid pace, and now has a staff of some 400 professionals, all with relevant experience from some of the region’s most prominent construction-related companies.

Despite challenging conditions in the construction sector over the course of the last 12 months, Arada has overcome a series of obstacles to achieve a number of highlights within an existing project portfolio valued at AED 25.3bn.

At Nasma Residences, Arada completed the second and third phase of this 1,000 villa and townhouse project, and will complete the remaining two phases, plus the Nasma Central community centre, by the end of 2020.

At Aljada, the first part of the megaproject to be completed was opened to the public in February, by HH Sheikh Dr Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah. A new family entertainment destination, Madar at Aljada features a number of different attractions and has already welcomed more than 200,000 visitors.

Arada will hand over the first homes in Aljada in the third quarter of this year, as the developer starts to complete the 1,400 homes in the first phase of the 24 million square foot megaproject.

Alkhoshaibi told CBNME: “Outside our existing projects, we have talked previously about our plans for Saudi Arabia, where we are still planning to launch our first project by the end of the year. In addition, it is also possible that we will announce a third project in Sharjah by the end of 2020.”