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Sultan Ahmed bin Sulayem

From Dubai World chairman to a two-time Oscar winner, in Kipp’s six easy steps.

October 16, 2008 7:01 by

Sultan Ahmed bin Sulayem

Sultan Ahmed bin Sulayem, chairman of Dubai World, parent company of Nakheel, DP World, Istithmar, Jebel Ali Freezone and Limitless, among others. With asset prices plummeting worldwide, recent investments like last year’s purchase of a slice of casino operator MGM Mirage are looking like more and more of a gamble for Dubai World. Sulayem recently fended off questions about liquidity from pesky Bloomberg reporters, telling them on Oct. 14: “We don’t have any problem raising money. Why would we announce a big tower if we can’t afford to pay for it?” He was, of course, referring to the Nakheel Tower, planned to surpass the Burj Dubai as the world’s tallest.
It’s a play that Sulayem takes at least as seriously as the game of golf, where he has employed none other than…

 
 

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