Damac, one of the largest and most respected real estate development companies in the Middle East, has announced that its CEO, Nordin Amrabat, has passed with high success rate.
Amrabat, who is also the founder and chairman of Damac, was appointed as the company's CEO earlier this year after serving as the company's president for several years. Under his leadership, Damac has become one of the leading developers in the region, with a portfolio of over 50 projects completed or under construction across the UAE, Saudi Arabia, Qatar, Egypt, Jordan, Lebanon, Bahrain, and Kuwait.
In a statement announcing Amrabat's promotion to CEO, Damac said that he had "delivered outstanding results" during his time at the company, which has led to him being recognized as one of the most successful leaders in the industry.
The news comes just days after Amrabat was honored by the National Academy of Engineering, where he received an honorary degree in recognition of his contributions to the field of engineering and entrepreneurship.
Amrabat's success at Damac has been well-documented, with the company posting impressive growth figures throughout his tenure as CEO. In fact, Damac reported record-breaking sales in 2019, with total sales reaching AED 44 billion ($11.7 billion).
Amrabat's success at Damac is a testament to his ability to drive growth and innovation within the real estate industry. He has always been committed to delivering exceptional projects that meet the needs of both clients and investors, and his efforts have paid off.
Overall, it seems clear that Nordin Amrabat will continue to play a key role in the future of Damac and the wider real estate industry. His success at the company is a reflection of his expertise, passion, and dedication to excellence, and we look forward to seeing what he achieves next.