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.
Reuters Gulf Bureau Chief Maha el Dahan speaks with Emaar Founder and Chairman Mohamed Alabbar as he appears on-screen at the Reuters NEXT Gulf Summit, in Abu Dhabi, United Arab Emirates, October 22, 2025. Reuters/Rula Rouhana
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 U.S. 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 U.S. 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.
To view the live broadcast of the World Stage go to the Reuters NEXT news page:
(Reporting by Maha Eldahan, Nayera Abdallah and Jana Choukeir; Writing by Angus McDowall; Editing by Hugh Lawson and Alexander Smith)
By Maha El Dahan
Iran said on Monday there were no talks under way with the United States and no plans for any meetings, contradicting U.S. President Donald Trump, who had cited talks he said would take place that afternoon as justification for calling off attacks.
The British band Massive Attack said its members were detained by Singapore police and "isolated and separately questioned" after the two performers raised a Palestinian flag at their concert in the city-state last Wednesday.
U.S. President Donald Trump said talks with Iran will happen on Monday but declined to set a deadline for an agreement after earlier saying he had called off an imminent attack in hopes of quickly reaching a deal to reopen the Strait of Hormuz and resolve the impasse over Tehran's nuclear capabilities.
To make this website run properly and to improve your experience, we use cookies. For more detailed information, please check our Cookie Policy.
Necessary cookies enable core functionality. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.