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Emaar’s Alabbar Rules Out Gaza Rebuild, Pitches $400 Billion Private Fix for U.S. Housing at Reuters NEXT

He cast the stance as shareholder-driven accountability for war damage.

Overview

  • Mohammed Alabbar said Emaar has not been approached to work on post-war Gaza and would be disinclined to take any such contracts.
  • He argued those responsible for the destruction should fund reconstruction, saying "everybody should clean up his garbage."
  • In separate remarks, he proposed mobilizing about $400 billion in private capital "in a week" to address what he described as a U.S. shortage of nearly five million homes.
  • He added that Emaar is not in talks with major American companies about entering the U.S. market.
  • He highlighted active and prospective projects abroad, including a $17 billion Marassi Red Sea development in Egypt and potential ventures in India and China, while pointing to plentiful new housing supply expected in the UAE by 2026–27.