Emirates President Tim Clark to retire from Dubai carrier in June

Emirates Airline President Tim Clark speaks at the Arabian Travel Market in Dubai. (Reuters)
Short Url
Updated 25 December 2019
Follow

Emirates President Tim Clark to retire from Dubai carrier in June

  • Tim Clark, who joined the airline in 1985 when it was first launched, will remain on as an adviser, the company told The Associated Press by email
  • The British aviation industry figure has gained a formidable reputation in the United Arab Emirates

DUBAI: The president of Dubai-based airline Emirates will retire in June after 17 years at the helm of the Middle East’s biggest carrier, the company confirmed Wednesday.

Tim Clark, who joined the airline in 1985 when it was first launched, will remain on as an adviser, the company told The Associated Press by email.
His retirement at the end of June 2020 was first announced by Emirates Chairman Sheikh Ahmed bin Saeed Al Maktoum in an internal company memo to employees on Tuesday. No details were given on who will succeed him.

The British aviation industry figure has gained a formidable reputation in the United Arab Emirates. Local media, which reported that Clark turned 70 in November, wrote glowing pieces about his tenure after news broke that he’d be stepping down as president.

The Dubai-based Gulf News described him as the “genius” who has headed the airline since 2003. Abu Dhabi-based The National said he helped take Emirates’ growth “to dizzying heights.” The National noted that when Emirates began operations in 1985, it was leasing planes from Pakistan International Airlines, and now has a fleet of 270 aircraft that fly to 159 cities.

His biography on the airline’s website describes him as “instrumental in the transformation of Emirates into the global giant it is today.”
Emirates has expanded rapidly in the US and elsewhere in recent decades, operating daily flights to major North American cities like New York, Chicago and Los Angeles, among others.

It’s main hub of Dubai International Airport is the world’s busiest for international travel, with more than 89 million arrivals or transits in 2019.
Aviation and tourism are major pillars of Dubai’s economy, and Emirates’ success is key to that. The airline is known for its customer service, comfort and state-of-the-art aircraft.

Emirates’ success and that of smaller rivals Qatar Airways and Abu Dhabi-based Etihad Airways has rattled big US airlines, which accuse the Gulf carriers of receiving billions of dollars of unfair government subsidies. They deny the allegations.


Industry leaders highlight Riyadh’s Metro, infrastructure as investment catalysts

Updated 59 min 35 sec ago
Follow

Industry leaders highlight Riyadh’s Metro, infrastructure as investment catalysts

RIYADH: Saudi Arabia’s capital, Riyadh, is experiencing a transformative phase in its real estate sector, with the construction market projected to reach approximately $100 billion in 2025, accompanied by an anticipated annual growth rate of 5.4 percent through 2029.

The Kingdom is simultaneously advancing its data center capacity at an accelerated pace, with an impressive 2.7 GW currently in the pipeline. This expansion underscores the critical role of strategic land and power planning in establishing national infrastructure as a cornerstone of economic growth.

These insights were shared by leading industry experts during JLL’s recent client event in Riyadh, which focused on the city’s macroeconomic landscape and emerging trends across office, residential, retail, hospitality, and pioneering sectors, including AI infrastructure and Transit-Oriented Development.

Saud Al-Sulaimani, Country Lead and Head of Capital Markets at JLL Saudi Arabia, commented: “Riyadh is positioned at the forefront of Saudi Arabia’s Vision 2030, offering unparalleled opportunities for both investors and developers. National priorities are continuously recalibrated to ensure strategic alignment of projects and foster deeper collaboration with the private sector.”

He added: “Recent regulatory developments, including the introduction of the White Land Tax and the rent freeze, are designed to stabilize the market and are expected to drive renewed focus on delivering premium-quality assets. This dynamic environment, coupled with evolving construction cost considerations in select segments, is fundamentally reshaping the market landscape while accelerating progress toward our national objectives.”

The event further underscored the transformative impact of infrastructure initiatives. Mireille Azzam Vidjen, Head of Consulting for the Middle East and Africa at JLL, highlighted Riyadh’s transit revolution. She detailed the Riyadh Metro, a $22.5 billion investment encompassing 176 kilometers, six lines, and 84 stations, providing extensive geographic coverage, with a depth of 9.8 km per 100 sq. km. This strategic development generates significant TOD opportunities, with properties in proximity potentially commanding a 20-30 percent premium. JLL emphasized the importance of implementing climate-responsive last-mile solutions to enhance mobility and accessibility, particularly given Riyadh’s extreme temperatures.

Gaurav Mathur, Head of Data Centers at JLL, emphasized the rapid expansion of the Kingdom’s AI infrastructure, signaling a critical area for technological investment and innovation.

Focusing on the construction sector, Maroun Deeb, Head of Projects and Development Services, KSA at JLL, explained that the industry is actively navigating complexities such as skilled labor availability, material costs, and supply chain dynamics.

He highlighted the adoption of Building Information Modeling as a key driver for enhancing operational efficiency and project delivery.