Abu Dhabi’s Aldar Properties announces new operating model to drive growth

Abu Dhabi’s Aldar Properties announces new operating model to drive growth

Abu Dhabi's Aldar Properties has adopted a new operating model to drive its next phase of growth.

The new model promotes agility and accountability throughout the organisation, with two core businesses, Aldar Investment and Aldar Development, led by their own CEOs - Jassem Busaibe and Jonathan Emery, respectively. They will both report to the group CEO.

Established as independent arms, Aldar Development and Aldar Investment will have their own decentralised governance models and support functions, while remaining aligned with Aldar's overall business strategy.

This will allow them to pursue relevant opportunities, while expanding their specialised portfolios. Overseeing the two entities, Aldar will focus on the brand, strategy, capital allocation, governance, as well as the people, legal, audit and excellence functions.

الدار العقارية تعتمد نموذجاً تشغيلياً جديداً استكمالاً لمسيرة نموّها

Aldar announces new group operating model as it embarks on the next phase of growth pic.twitter.com/yggBsOsY6c

“” Aldar Properties (@AldarTweets) January 31, 2021

"The new group operating model reflects Aldar's growth and maturity and builds on the robust governance and exceptional talent we have on board,“ said Talal Al Dhiyebi, group chief executive officer, Aldar.

"The diverse and dynamic business we are today requires a more agile operating model that will enable our next phase of growth. Our