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|12 February, 2018

Oman's ALARGAN TOWELL appoints Mohammed Al Abri as new CEO

Mohammed bin Mousa Al Abri Chief Executive Officer as of January 30, 2018.

Oman's ALARGAN TOWELL appoints Mohammed Al Abri as new CEO

  •          Hussein Jawad: Appointment of Al Abri is in line with our Omanisation strategy of the assignment of senior management positions to locals
  •          Khaled Al-Mashaan: Real estate sector sees immense competition, and local manpower will boost capabilities to maintain sustainable growth

  •          Mohammed Al Abri: Real estate market has the potential to become a key pillar of the local economy in subsequent years
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    Muscat: The Board of Directors of ALARGAN TOWELL Investment Company, a leading real estate development company in the Sultanate, announced the appointment of Mohammed bin Mousa Al Abri as Chief Executive Officer as of January 30, 2018.

    Hussein Jawad, Chairman of the Board of Directors of ALARGAN TOWELL, said, “We are pleased to welcome Mohammed Al Abri who brings a vast experience in the real estate market in Gulf and Middle East in addition to his track record in Oman. ALARGAN TOWELL has adopted a direction to increase the ratio of Omani executives in the Company, and with Al Abri’s experience, we are confident that he will successfully drive the Company’s strategy forward and achieve its objectives in the coming years.”

    On another hand, Eng. Khaled Al-Mashaan ALARGAN International Real Estate Company CEO and Vice Chairman of the Board of Directors, said, “The appointment of Mohammed Al Abri fulfils the Company’s vision to increase the number of local professionals who are well armed with the abilities and experience to drive the Company’s sustainable growth amidst a strongly competitive and promising local market. We look forward to having Al Abri lead ALARGAN TOWELL into a new phase of growth in the Omani market, as well as grabbing increased opportunities in the regional market.”

    Speaking of his vision for the Company, Mohammed Al Abri, said, “I thank the Board of ALARGAN TOWELL for their trust in me as I look forward to developing the Company’s operations in line with current market dynamics and a future outlook that looks very promising with the launch of new real estate funds and expected capital fl0ws that will drive the market into a new phase of growth. Today, Oman’s real estate market has the fundamentals to be a pillar in the national economy, and we at ALARGAN TOWELL are well equipped to contribute towards the Nation’s growth thanks to a strong experience in the real estate field.”

    Mohammed Al Abri has over two decades of experience, having held various senior executive positions in leading Middle East companies. Prior to his current position, he worked for three years at the ALARGAN TOWELL Investment Company as the General Manager of the Palm’s Beach Company, the developer of the Al Nakheel Integrated Tourism Complex (ITC), a project which is being developed into a modern mixed-use urban community on the coastal area of Al Rumais, overlooking the sea of Oman.

    He has also worked in Kuwait as the Group Operations Support Manager with Al Taameer Real Estate Investment Company (AL TAAMEER). His responsibilities included the supervision and provision of operational support to the hotels and real estate properties owned or operated by AL TAAMEER in different countries. He also worked with the same company for over five years in Morocco as the Country Manager and was responsible for the company’s overall operations, business development, and management of its investment portfolio. At the same time he also held the position of Cluster General Manager of the Ramada hotels, which were owned and operated by the company.

    Mohammed holds degrees and qualifications in accounting, computer science, hospitality management, hotel investment, asset management, and revenue management.

    ALARGAN TOWELL INVESTMENT COMPANY was founded in 2003 in the Sultanate of Oman through a strategic alliance between ALARGAN International Real Estate Company and the reputed WJ Towell. ALARGAN TOWELLL is focused on developing quality yet affordable housing for middle-income Omanis. The innovative partnership resulting in ALARGAN TOWELL has yielded successful and integrated developments, such as Beyout Al Faye, Al Waha project, Al Mawalih Villa’s project, Al Hail homes project, and Al Qurum Gardens project. Additionally, the Company is currently in the preparation stages to start developing Al Nakheel mega-project, which is expected to be the first Integrated Tourism Complex (ITC) project in the Barka governorate.

    ALARGAN TOWELLL has earned numerous international, regional and local awards. In 2015, the Company received the Best Developer Award for Residential Neighborhoods at the Oman Real Estate Awards. The Company was also recognized for its Al Nakheel project by the prominent regional real estate development awards, the Dubai-based Arabian Property Awards.

    -Ends-

    © Press Release 2018