Power Hour 2020: PNC Menon ranks 11th, moving up 5 spots from 2019
CBNME’S Power Hour Annual List of the Middle East’s Top 60 features the most prominent Contractors, Real estate Developers, Consultants, Architects, Facilities Management, Asset Management Companies, and so much more that encapsulates the construction industry.
These influential leaders have reshaped the industry with their introduction of new innovative strategies and thought leadership that makes them stand apart in 2020.
You can check out the full coverage of the Power Hour here.
11. PNC Menon, Founder and Chairman of Sobha Group
PNC Menon is the Founder and Chairman of Sobha Group, a multinational real estate and construction group with diversified interests and investments in the UAE, India, Oman, Bahrain, Brunei and Tanzania. In this role, he is responsible for overseeing the Group’s operational strategy across its subsidiaries, including PNC Architects, Sobha Electromechanical, Sobha Interiors, Sobha Horticulture, Sobha Restoplus and Sobha Contracting.
Despite COVID-19, the company confirmed that it remains committed to its construction schedule for 2020, with delivery on track across Sobha Hartland, its flagship master development located at Mohammed Bin Rashid Al Maktoum City in the heart of Dubai.
The company announced that Gardenia Villas Phase II is now complete and in the process of handover. Hartland Greens Phase III (Buildings 5 and 6) is advancing as planned and is at 90 per cent completion with delivery scheduled in 2020. Despite the challenging impacts of COVID-19 and a halt in operations across multiple sectors, Sobha Realty has put in place several measures to ensure the well-being and safety of its staff and maintain seamless construction activity over the course of the last few months.
Earlier this year the company also announced the launch of its Creek Vistas Reservé Tower, the latest project in Sobha Hartland, the eight-million square feet luxury freehold master development situated in Mohammed Bin Rashid Al Maktoum City in Dubai.
The launch follows the high uptake for residential units in the previous Creek Vistas towers by Emirati nationals and Arab buyers seeking well-developed and strategically located homes that offer panoramic views and are close to the city’s top attractions and shopping centres. As of July 6th, in an official press release, the company announced that its flagship project, Sobha Hartland, has reached 25% completion and is set to be completed by 2025.