Abu Dhabi Capital Group (ADCG) has announced that Imkan Properties CEO Walid El Hindi has decided to step down from his role to pursue his own interests, after leading the Emirati property development company for five years.

Announcing the planned departure, Fadel Al Ali, board member of both ADCG and Imkan, said: "El Hindi had played a major role in establishing and growing Imkan from a vision to one of the leading developers in the region and for presiding over a phase of significant growth for the business."
 
"Under his leadership, Imkan has grown to have offices in Abu Dhabi, Egypt and Morocco and has successfully launched six master planned communities with 11 projects completed or currently under construction,," stated Al Ali.
 
Imkan Properties has a portfolio of 30 million sq m of land, which spans 26 projects across six countries and is valued at over Dh100 billion ($27.2 billion). The brand has positioned itself as a world class place-maker using its unique research-based approach to property development.
 
The first Abu Dhabi community, Nudra on Saadiyat Island, is near handover, substantial progress has been made across other Capital-based projects; Makers District, AlJurf and Sheikha Fatima Park and over 250 units of our Alburouj project in Egypt have recently been handed over.
 
"Amongst his most significant achievements, Imkan saw a 300 per cent year-on-year increase in sales across its collection of projects last year," remarked Al Ali.
 
"His commitment and vision have put Imkan in a strong position to move forward to the next phase of its success story and I would like to wish Walid the very best for the future," he added.
In addition to his role as Imkan CEO, Walid also held the position of managing director of Imkan Misr, board member of HHRM, an international hotel management company as well as being on the executive committee for Imkan Moroc.-TradeArabia News Service

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