Dubai’s Arabtec Hires Former Aldar Chief Executive

Arabtec underwent a major management shake up in February, replacing its founder and chief executive.

Dubai builder Arabtec on Tuesday said it has hired the former chief executive of Abu Dhabi’s Aldar Properties to head its group of construction companies.

Sami Asad will be the chief executive of Arabtec Construction Group, the contractor said in an emailed statement, adding he will be in charge of the global operations of the group.

Asad, who was CEO of Aldar since 2010, stepped down from his role on August 15.

Arabtec underwent a major management shake up in February, replacing its founder and chief executive Riad Kamal with Abu Dhabi-based private investor Hasan Abdullah Ismaik.

In his new role at Arabtec, Asad will report directly to Ismaik and will focus on leading the current pipeline of projects, while also driving the company’s future growth, the statement said.