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Power hour 2022

Power Hour 2022: Faris Saeed is the Chairman & CEO of ‘SEE Holding’ , Ranks 30th

Faris Saeed is the Chairman & CEO of SEE Holding, The global benchmark for sustainable operations across multiple sectors. Under the three pillars of sustainability: social equity, economic viability and environmental protection, SEE Holding handles a diversified portfolio of subsidiaries committed to spearheading the global movement towards a net zero emissions future. In line with the Paris Climate Agreement and the urgency of worldwide climate action, SEE Holding companies prioritize innovation and leverage the most intelligent and sustainable advances.
He is also the Chairman & Founder of Diamond Developers and a driving force in pioneering sustainable real estate developments in the region. Since establishing the company in 2003, Faris has led Diamond Developers in the conceptualization and delivery of an impressive portfolio of premium developments, which became landmarks of the city. Diamond Developers was one of the first companies in Dubai to enter the freehold property and real estate development industry when the emirate introduced freehold property ownership in 2002.
Some of the major accomplishments in the past 12 months include their second city in Sharjah (Sharjah Sustainable City) is at 25% total completion, and 100% completion of phase 1, families are moving into the community in September.
In January 2022, they announced our first project in the capital Abu Dhabi in partnership with (Aldar). The Sustainable City-Yas Island will span an area of 397,000 sqm in Yas North. It will be developed to align with the UAE’s net-zero goals and the highest sustainability standards, comprising 864 townhouses and apartments and 3,000 sqm of retail.
In terms of expansion beyond UAE, they announced the launch of The Sustainable City – Yiti in Muscat, Oman. With an investment value of nearly $1 billion, the city will be built over an area of 1 million square meters and will be developed within the phase one of the Yiti Integrated Tourism Development Masterplan. The city is going to be the most sustainable city in the region, with plans to achieve net zero carbon by 2040.