These new positions are part of Aldar’s existing Emiratisation commitments and ongoing recruitment, which regularly places Emirati talent in senior roles throughout the business. Currently, UAE nationals represent half of Aldar’s executive management team and hold CEO positions at Aldar Group, Aldar Investment, Aldar Projects, and Aldar Ventures. 32% of department head roles are occupied by Emiratis, including the Strategy and Transformation, Sustainability, Marketing and Communications, Procurement, IT, Commercial, Portfolio Management, Investment Finance, and People, Culture and Performance departments. 18.7% of all senior roles in the organisation are held by Emirati women.
53% of Aldar’s local employees are under the age of 35 and this initiative will seek to further increase the number of young UAE nationals working within the Group, sparking creative thinking and the adoption of new technology in the sector. This focus on youth is also supported by Aldar’s graduate programmes and a recent partnership with the Ministry of Human Resources and Emiratisation to offer opportunities to young UAE nationals.
Talal Al Dhiyebi, Group Chief Executive Officer, Aldar Properties, said: “The ‘Projects of the 50’ initiative launched by the leadership of the UAE is set to guide the sustainable, long-term growth of the country and its people. We are proud to play a leading role in activating the private sector’s contribution to this important initiative. We are committed to offering the next generation of Emirati talent an opportunity to build their careers in a business with high ambitions, a solid growth trajectory, and diverse business interests. By driving the adoption of this initiative, we will deliver on our purpose as a responsible organisation and be an active enabler of the continued development of our national economy.”
Bayan Al Hosani, Executive Director for People, Culture and Performance, Aldar Properties, added: “With such a diversified business, Aldar presents many interesting career paths for both experienced and graduate Emiratis across our subsidiaries. Real estate, investment, innovation, sustainability and education will play a significant role in the development of the UAE, meaning these talented Emiratis will be at the forefront of the country’s future. We look forward to welcoming them to the Aldar family over the next five years and beyond.”
At present, 33.5% of Aldar employees are Emirati with more than 100 locals joining the company in the past 2 years. The total number across the group has been boosted in recent years through dedicated recruitment programmes that welcome new employees at all levels to the organisation each year. Aldar’s continued progress was honoured with an Emirates Emiratisation Award at the inaugural ceremony presented by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai.
Within Aldar’s business strategy, talent is a core focus for the long-term sustainable growth of the organisation. The ‘people’ pillar focuses on three main areas: attract and maintain high performing talent, develop and engage people, nurture an innovative and creative culture. Through this, the company places an emphasis on inclusion and diversity within its workforce. Over 43 nationalities are represented across Aldar, which is made up of 36% female and 64% male employees. This diversity and inclusion drive extends to People of Determination, with Aldar acting upon its commitment made as part of the GCC’s first Social Impact Bond and the ATMAH programme, which supports the training and employment of People of Determination. Aldar’s latest commitment will also ensure that more People of Determination will receive employment opportunities at Aldar.
Aldar Properties PJSC is the leading real estate developer and manager in the UAE with a diversified and sustainable operating model centered around two core businesses: Aldar Development and Aldar Investment.
Aldar Development is a master developer of integrated, liveable, and thriving communities across Abu Dhabi’s most desirable destinations, including Yas Island, Saadiyat Island, Al Raha, and Reem Island. It is responsible for developing Aldar’s c. 65 million sqm land bank and includes three businesses: Aldar Projects, which manages Aldar's fee-based development management business, including AED 45 billion of government housing and infrastructure projects; Aldar Ventures, which incubates and nurtures new business opportunities and innovation areas; and Aldar Egypt, the platform focused on developing mixed-use communities in Egypt.
Aldar Investment houses Aldar’s core asset management business comprising an AED 16 billion portfolio of investment grade and income-generating real estate assets diversified across retail, residential and commercial segments. It also manages three core platforms: Aldar Education, Aldar Estates and Aldar Hospitality and Leisure. Aldar Education includes Aldar’s entire educational portfolio, including Aldar Academies, the leading education group in Abu Dhabi, with 20 schools, over 24,000 students and a growing network of 3,000 educators from over 100 nationalities, offering a wide range of curriculum and ancillary services such as a Teacher Training Academy.
Aldar Estates consolidates Aldar’s Retail Operations alongside existing Residential and Commercial real estate operations within Provis and will further include Community Management under one integrated property management platform. Aldar Hospitality and Leisure looks after Aldar’s portfolio of hotel and leisure assets, which are anchored around Yas Island and Saadiyat. It includes Aldar’s portfolio of 10 hotels, comprising over 2,900 hotel keys and managing operations across golf courses, beach clubs and marinas.
Aldar’s shares are traded on the Abu Dhabi Securities Exchange (Stock quote: ALDAR:UH), and is a profitable, cash generative business that provides recurring revenues, and benefits from a diverse and supportive shareholder base. Aldar operates according to high standards of corporate governance and is committed to operating a long term and sustainable business in order to provide ongoing value for its shareholders.
Aldar is driven by a vision to be a leading real estate developer and manager in the region by playing a key role in the development of quality, comfortable, desirable destinations that people can live in, work at and visit.
For more information on Aldar please visit www.aldar.com
For further information, please contact:
Obaid Al Yammahi
+971 2 810 5555
+971 2 234 4600
© Press Release 2021