Mohammed Alshaya named as Middle East's Retail CEO of 2010

Judging panel cites Alshaya’s ‘outstanding work’ over the past year

Kuwait, 21 September 2010 – Mohammed Alshaya, Executive Chairman of M.H. Alshaya, was this week named Retail CEO of the Year for the region’s retail sector by CEO Middle East magazine. The awards, chosen by a panel of senior editors from the magazine’s publisher ITP, recognise and reward outstanding success, innovation and ethics across Middle Eastern Business.

At a ceremony held at the Armani Hotel, Dubai, Anil Bhoyrul, Editorial Director, ITP Executive, cited Mr Alshaya’s outstanding work over the past year as the reason for his success in the competitive retail sector category. "It has been another outstanding year for Mohammed Alshaya, who has once again shown himself to be not just one of the best retailers in the region, but one of the best in the world,” said Bhoyrul. “At a time when many competitors are downsizing, Mohammed Alshaya continues to invest in expansion, most notably bringing 29 brands to Dubai’s Mirdif City Centre, one of the most important retail projects in the region this year."

Mohammed Alshaya said: “It is a great honour to be the recipient of this award. I am delighted that Alshaya’s commitment to growth has been recognised in this way and I would also like to thank the hard work and dedication of the 20,000 people who work in Alshaya. We have all pulled together for a very exciting 2010, with new international brand launches – from clothing to home furnishings to food – all making a favourable impact with the region’s consumers.”