ABU DHABI: Dubai real estate developer Emaar has not been approached for any post-war Gaza reconstruction work and would not be inclined to do any, said its founder and chairman Mohammed Alabbar.
While US President Donald Trump has envisaged the creation of a new Riviera in Gaza, Alabbar said on Wednesday rebuilding should be done by those responsible for the destruction. “It’s my philosophy ... that everybody should clean up his garbage,” he told the Reuters NEXT Gulf Summit in Abu Dhabi.
“I’m very focused on making money for my shareholders,” he added.
Emaar, a building block of Dubai’s expansion into a global economic player in recent decades and developer of the world’s tallest building, is involved in projects worldwide.
Its Marassi Red Sea tourism development in Egypt alongside Saudi and local investors will involve investment of $17 billion, Alabbar said.
Emaar is also looking at possible new projects in India and China. “Their evolution of economic development in India is quite good. China is also, you know, still suffering with their housing problem but you know they’ll come up with it,” he said.
Meanwhile, the US housing shortage is “a disaster” that should be a focus for Trump, he said, urging states and major companies to work together on the problem.
“You can talk about autonomous cars, investment in, you know, data centers. Thank you so much. We want to have a house,” Alabbar added.
Emaar founder Alabbar not inclined to take on Gaza rebuild work
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Emaar founder Alabbar not inclined to take on Gaza rebuild work
- Mohammed Alabbar says rebuilding should be done by those responsible for the destruction
In major policy shift on Syria, UN Security Council lifts sanctions on Hayat Tahrir Al-Sham
- Move reflects evolving Syrian political landscape in the post-Assad era, ending a global freeze on assets, travel ban and arms embargo
NEW YORK CITY: The UN Security Council on Friday removed Al-Nusra Front, the militant group that evolved into Hayat Tahrir Al-Sham, from its so-called Daesh and Al-Qaeda Sanctions List.
The move signals a major shift in international policy toward Syria’s evolving political landscape in the post-Assad era, and ends a global freeze on assets, travel ban and arms embargo that have been imposed on the group since 2014.
Al-Nusra Front and Hayat Tahrir Al-Sham were led by Ahmad Al-Sharaa, formerly Abu Mohammed Al-Julani, who is now Syria’s president and was a leading figure in the offensive that toppled the Assad regime.
The consensus decision by the Security Council’s sanctions committee was announced by the UK, which holds the presidency of the Security Council this month and was acting in the absence of the chair of the committee. It followed a request by the new Syrian authorities to delist “Al-Nusrah Front for the People of the Levant.”
The decision means measures that were applied to Hayat Tahrir Al-Sham under Security Council Resolution 2734, adopted in 2024, no longer apply. As a result, UN member states are notrequired to freeze the group’s funds, restrict the movement of its representatives, or block the supply or transfer of arms and related materiel.
Al-Nusra Front was added to the sanctions list for its ties to Al-Qaeda and involvement in the financing and execution of militant activities during the war in Syria. The UN initially continued to treat the group’s successor organization, Hayat Tahrir Al-Sham, as a listed alias.
Al-Sharaa has said the group severed all prior transnational jihadist links and is now solely focused on local Syrian matters.
