Bani Yas Investments & Development Company names new CEO |
|
Wael Tawil will also be Managing Director of Al Maha Investments
Abu Dhabi, September 24th, 2008: Baniyas Investments and Development Company (BID) announced the appointment of Wael Tawil as its Chief Executive Officer (CEO). The BID Board of Directors also announced Mr Tawil as Managing Director of Al Maha Investments, a subsidiary of Emirates International Investment Company.
Wael Tawil brings more than 15 years of Financial, Real Estate and leadership experience across various industry sectors and has an intimate knowledge and understanding of the investment sector and the competitive landscape in the region. Mr Tawil has worked and traveled extensively and has been involved in expansion plans across the globe.
Announcing the appointment, Jowan Alkhaily, Chairman of BID, said: "I am honoured to announce Wael Tawil as the CEO. Baniyas Investments & Development is in the midst of an interesting growth phase with strategic expansion plans across the region. I am delighted to have Wael on board and the decision to recruit him is a key part of our growth strategy."
Mr. Alkaily also added: "With his extensive knowledge on the regional Real Estate and investment sectors, I am confident that he will play a pivotal role in driving BID's initiatives and help achieve its strategic objectives. We believe that Mr Tawil is the right person to lead BID, in close coordination with our strong board and management team."
Wael joins BID from Amer Real Estate - one of the leading real estate companies in Egypt, where he worked on various M&A advisory deals across Jordan, Egypt, Syria, Lebanon and Yemen. Prior to Amer Real Estate, Wael worked at PepsiCo for 10 years in Jordan, Dubai, Egypt, Saudi and North Africa, leading the group to unprecedented success in various initiatives. His key achievements include lobbying for industry sales tax reform in Jordan, contributing US$5 million to annual Profit and Loss and helping the group's profits grow three-fold in less than two years in the North African franchised region.
Wael began his career with Deloitte, where he led the initial works for the privatization of Royal Jordanian Airlines. He also moved to consulting in Jordan and worked in different sectors such as M&A, banking, Industrial, hotels and utilities. He also spearheaded a very important project -- laying the longest fibre optics cable in the world for Dallah Albaraka, Marubeni and Bell Atlantic consortium and successfully managed operations across US, Bermuda, UAE, Egypt and Far East.
Wael is a MBA and a CPA from the University of Illinois.
-Ends-
About Baniyas Investments & Development
Baniyas Investments & Development (BID) was established in 2005 as a majority-owned subsidiary of Bani Yas Sports Club. BID has an impressive pipeline of projects including master planned communities, residential and commercial towers in the UAE. Bawabat Al Sharq represents the first of several pioneering plans for the company. Spreading over 108 hectares of land, in one of the main suburban regions of Abu Dhabi, Bani Yas, the AED 2.2 Billion luxurious, awe-inspiring, mixed-use development aims at creating a better living environment. This multi-use development will elevate Bani Yas's leisure, commercial and tourism appeal.
For further information, please contact
Ashutosh Gupta,
BPG Public Relations,
Dubai Tel: +9714-295 3456;
Fax: +9714-295 1027
E-mail: ashutosh@batespangulf.com
© Press Release 2008
Zawya is a distributor (and not a publisher) of content supplied by third parties and subscribers. Any opinions, advice, statements, services, offers, or other information or content expressed or made available by those third parties, including information providers, subscribers or other users of the Service, are those of the respective author(s) or distributor(s) and not of the Company. The Company neither endorses nor is responsible for the accuracy or reliability of any opinion, advice or statement made on the Service by anyone other than authorized Service employee spokespersons while acting in their official capacities. The Company is not responsible for any infringement of intellectual property rights or breach of any applicable law or regulation, including regulation in relation to financial services or the distribution of financial products, defamation, data protection, telecommunications (including regulations relating to excessive use, spamming or other abusive activities) or obscene, offensive or illegal content). Under no circumstances will the Company be liable for any loss or damage caused by a member's reliance on information obtained through the Service. It is the responsibility of member to evaluate the accuracy, completeness or usefulness of any information, opinion, advice or other content available through the Service. Please seek the advice of professionals, as appropriate, regarding the evaluation of any specific information, opinion, advice or other content.
Read the full Member Agreement
http://www.zawya.com/legal/NewsLetter.cfm?name=disclaimer
Comment on this article 
Loading ...-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Stories
Companies
| Company Name | Country | Industry |
| Consolidated Contractors Company | Overseas | Construction and Design |
| Saudi Binladin Group | Saudi Arabia | Construction and Design |
| Almarai Company | Saudi Arabia | Food |
| Saudi Telecom | Saudi Arabia | Telecommunications Services |
| Hyundai Engineering and Construction Company - Saudi Arabia | Saudi Arabia | Construction and Design |
| Saudi Electricity Company | Saudi Arabia | Electric Utilities |
| Abu Dhabi Distribution Company | UAE | Electric Utilities |
| National Iranian Oil Company | Iran | Oil |
| Roads and Transport Authority - Dubai | UAE | Regulatory and Administrative Bodies |
| Zuhair Fayez Partnership Consultants | Saudi Arabia | Construction and Design |
Projects
| Project Name | Country | Sector |
| ADNOC/ConocoPhillips - Sour Gas Fields Development - Shah Field | UAE | Oil and Gas |
| Takreer - Ruwais Refinery Expansion | UAE | Oil and Gas |
| ENEC - Nuclear Power Plant | UAE | Power and Water |
| SATORP - Jubail Refinery and Petrochemical Complex | Saudi Arabia | Oil and Gas |
| Abu Dhabi Ports Company - Khalifa Port and Industrial Zone (KPIZ) | UAE | Infrastructure |
| Abu Dhabi DOT - Abu Dhabi Metro | UAE | Infrastructure |
| Aramco/Dow Chemical - Ras Tanura Integrated Refinery and Petrochemicals Complex | Saudi Arabia | Oil and Gas |
| Emirates Aluminium (EMAL) - Smelter Complex - Phase 1 | UAE | Industry |
| Qatar Foundation - Sidra Medical and Research Center | Qatar | Real Estate |
| IGD - Gasco - Habshan 5 Gas Processing Plant | UAE | Oil and Gas |