Dubai: Ghassan Aboud, the UAE based entrepreneur and philanthropist was listed amongst the list of “The Middle East’s Top 100 Tycoons” published by Forbes Middle East (December 2019/January 2020 issue). Ghassan was ranked at the 41st place in the list that included the region’s foremost business owners across several sectors. As the promoter of the 25-year-old Ghassan Aboud Group, Ghassan initially commenced business in the automotive domain but eventually diversified into a large multi-business conglomerate with offices in the UAE, Australia, Belgium, Jordan and Turkey. The group is engaged in automotive, hospitality, real estate, food, retail, media, logistics and pastoral businesses. Notably, Ghassan Aboud is also the promoter of Australia’s preeminent luxury hospitality brand Crystalbrook Collection which manages assets to the tune of A$ 1 billion. While releasing the list, Forbes Middle East states that “Family business in the Middle East contributes heavily to the region’s economy. PwC estimates that the sector contributes 60% to GDP and 80% of the workforce. $1 trillion is estimated to pass from one generation to the next within the next decade.” Elaborating on the methodology followed, Forbes further mention that “The Middle East’s Top 100 Business Tycoons list was created by gathering information about business people in the region through our database and questionnaires. As a majority of businesses are family owned, we factored the information available to disclose.” The report further underlines that the factors taken into account included business size, business scope, investments and market capitalization. Source: https://www.forbesmiddleeast.com/list/middle-easts-top-100-business-tycoons-2019 About Ghassan Aboud Group: Established in 1994, the Ghassan Aboud Group is a multi-business conglomerate that operates from its global headquarters in the United Arab Emirates with business operations in Australia, Belgium, Jordan and Turkey. The group is a diversified conglomerate engaged in automotive, hospitality, pastoral, real estate, retail, catering, media and art production businesses. For Media enquiries, please contact: Yara Essa Golin MENA Tel: +971 4.332.3308 yessa@golin.ae © Press Release 2019 Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release. The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk. To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
