HE. Ahmed Humaid Al Tayer , The Chairman of Emirates Bank meets with Al Tomooh Supreme Committee Members (SCM)

H.E. Ahmed Humaid Al Tayer- The Chairman of Emirates Bank

Al Tomooh Supreme Committee meeting has been held on 16 October 2002, to review Al Tomooh's achievements since has been started and put together future strategy and development plans for the scheme.

H.E.Ahmed Humaid Al Tayer ,The Chairman of Al Tomooh SC, H.E. Abdul Rahman Al Mutwaiee (SCM), H.E. Mohd Bin Ali Al Abbar (SCM), Mr. Sulaiman Al Mazroui (SCM), Mr. Abdulwahid Al Fahim (GM), Mr. Salah Mohd Amin (TMH MGR), Mr. Bassam Daoud (CRD MGR) and Amal Moustafa (TMH Coordinator) were present at the meeting.

7 new projects have been approved during the meeting, to be financed by Al Tomooh:

Real Estate Management Company
Dr.Jamal Al Mehairi (UAE) and Mr. Adel Ghafa Al Basti (UAE) are the owners of the project, and were graduated together from UAE University.

After receiving his degree in Architecture, Adel took his first job with the Dubai Municipality and worked there for over ten years as head of executive planning section, before joining Dubai Airport Free Zone as Director of Technical Dept. in 2000.

Dr. Jamal holds a Phd. in Geography and acts as the Under Secretary of Ministry of Education and Youth. With both individuals being engaged in real estate management and transactions on a personal level, they decided to form a partnership, and start a real estate management company in Dubai. They both will continue with their professional occupations, but will recruit a team of professionals to execute the day activities of the business under their direct supervision.

The basic activity of the company is providing property management consulting, Al though, property management would be the cornerstone of their activities, they will also provide brokerage services (buying & selling land), maintenance, cleaning & security services. They enjoy good market reputation and command excellent relations with both government entities and prospective clients.

MR.Repair
Mr. Siddiqui Syed Mustafa Hassan Al Marzouqi (UAE) is the owner of the project After graduating from High School, he moved to Saudi and worked there for several years in the sales and marketing field.
After careful evaluation of alternative business opportunities, he decided to establish his own maintenance services company. He intends to devote all his expertise, time effort to the success of the business.

The basic activity of the company is providing household and building maintenance services, which encompass areas like A/c, TV, VCR repair, Pluming and electrical repair services etc. Their target market will be to focus on homeowners and tenants, who reside in Jumairah & Umm Sequim area. They are considered to competitive. All revenues will be in cash basis.

Emirates E- Business
Mr. Waleed Rashid Al Baker (UAE) is the owner of the project, graduated from HCT with a Bachelor Degree in Business Information Technology Systems in 1994. After graduation, he joined Dubai Courts, Information Systems Dept., and worked there for three years as an analyst programmer. In July 1997, he joined Dubai Police as manager of software development team. Concurrently, he studied towards his MBA degree from the university of Wallongong in Dubai and graduated in 1999 (He is now preparing for PhD. in Transformation E-Government, the case of Dubai). He continues to work for Dubai Police and presently holds the position of Head of R&D, E-services Dept. Through his work experience, he managed to develop a wide network of confident relationships with both government and private entities.

The promoter's rationale in setting up this Training Center venture was prompted by market research, which he conducted. The scope of his research comprised market contacts in ascertaining interests of government and private entities to train their employees. The research revealed that Dubai is changing fast and in order to cope with the fast paced change, both government and private entities need to continuously train their staff, which will assist in transforming human capital into human assets.

Mr. Al Baker also learnt that although competition exists, there is scope for more players to enter the market. The results of his research proved encouraging, which let him to pursue this project.

The main activity of the center will revolve around various activities and services offered to corporate/ government entities and private individual. The center will offer/conduct around 60 courses every year, which cover subjects like management, marketing, finance and IT..etc. The center will provide consultancy services to their clients in the field of management and IT consultancy. The center will also entertain private conferences relating to the latest development in IT (E-Commerce) in its own conference room.

Al Thuraya Laboratory
Dr.Badreya Abdulla Al Zarooni (UAE) graduated from UAE University with a Bachelor degree in Chemistry in 1996. In 2000, she joined Kuwaiti Hospital in Sharjah as a lab technician.

The promoter's rationale in setting up this venture (advanced medical lab) was prompted by a market survey. The scope of the survey comprised market information and contacts in ascertaining demand for advanced 'medical lab services', from which they learnt that specialized/advanced tests are presently being forwarded/conducted in medical labs stationed overseas, mainly in Western Europe.

The lab will be targeting private clinics in Dubai, given that most public and private hospitals maintain their own labs.

The basic activity of the Medical Lab will be to provide quality medical lab services to private clinics in Dubai. Generally speaking, medical tests performed by them will be categorized into three types; Basic tests, which will embrace simple blood and urine tests, Medium tests, which will include blood sugar test, cholesterol, and advanced tests, which encompass specialized tests in the field of genetics and hormones, which require very advanced type of equipment and highly experienced staff.

Printing Press
Mr.Hussain Fuad Sajwani (UAE) graduated in 1987 from High School and took his first job at Middle East Bank - Dubai, where he started out as a trainee and worked there for one year. Then he joined Barclays Bank and worked there in different departments from 1989 until early 1996 and proved himself as a professional banker as he worked his way up to management level.

In 1995, he decided to venture on his own and started M/s. Al Diyafah Trading Est. (DT), a company engaged in the supply of printing related products and services. At present, DT is outsourcing these products from various printing presses operating in Dubai and Sharjah. The same are sold to private entities like Sharjah Airport Authority, Shell Trading Middle East, National Bank of Umm Al Quwain & Barclays Bank.

During the last 7 years HS gained hands on experience in his line of business and through his company DT has managed to penetrate the market in his chosen line of business.

Sheikh Ahmed Al Mur Mejren Sultan is an investing partner (50%) in this venture. Whilst HS serves as the managing partner, Sheikh Ahmed concentrates on his other business interests, which mainly encompass real estate property in Dubai.

The basic activity of the company will be that of printing press. They intend to focus their services on printing seven products, which include letterheads, business cards, brochures, leaflets, Invoices, folders and Magazines.

Al Diyafah Tailoring
Mr.Mahmood Abdul Rahim Abdul Qader (UAE) graduated with a Bachelor Degree in Accounting in 1989 from the Business School at the Saint Edwards University, USA. Following his university graduation he took his first job at the Emirates Airlines, where he started out as a training officer and worked his way up to become Treasury and taxation manager.

The basic activity of the company is tailoring of national dress and uniforms. Operations are mainly wholesale catering to hotels, hospitals and government entities. The company presently holds 9 LPOs from reputed corporate entities operating in Dubai. They include names like Gulf Safa Dairies, Al Futtaim Tarmac, Dubai Municipality, Metropolitan Hotel, etc.

Glamour Fashion
Mrs.Maimouna Al Dabal is (UAE), who has been employed with Ministry of Education since 1985. She is presently working in the capacity of Education Specialist.

The promoter's rationale in setting up this venture (import and sale of branded women's eveningwear) was prompted by market research, which she conducted. The scope of her research comprised personal contacts in ascertaining interests of women in buying quality, branded eveningwear. The research revealed that Dubai is very well known for it's weddings, parties and social gatherings, especially amongst women, who are always interested in dressing up in the latest fashion wear. MD also learnt that although competition exists, there is scope for more players (especially a local enterprise whereby they are able to understand the customs and culture) to enter the market. The results of her research proved encouraging; which led her to pursue this project.

The company will offer a wide range of branded eveningwear dresses targeted for women in the age group ranging from 20-50 years.

H.E. Mohd Al Abbar -Director General of Department of Economic Development-Dubai, H.E. Abdul Rahman Al Mutawiee- Director General- Dubai Chamber of Commerce & Industry and Mr. Sulaiman Al Mazroui- Chief Manager- EB, during the meeting.(Left to right)

H.E. Al Abbar, H.E. Al Mutawiee, Mr. Al Mazroui, H.E. Ahmed Humaid Al Tayer, Amal Moustafa- TMH Coordinator, Mr. Salah Amin- TMH MGR, Mr. Abdul Wahid Al Fahim- GM- EB Corporate Banking and Mr. Bassam Daoud EB-GCD MGR.(Left to right)

Reported by: Al Tomooh
Reported on: 17.10.2002

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