We have all heard the name Donald Trump, he promotes himself constantly as a top real estate magnate. However, there is a new breed of real estate developers and investors that have not hit our radar screen but will make Trump look like a chump.
They are coming out of the Middle East and spending their petro dollars like crazy. Nassar Hassan Al-Ansari is a great example. He is the head of Quatrari Diar and controls a portfolio of over 40 billion dollars. Yes sir-ree, 40 billion with a B.
So while we watch Donald Trump dance around like Mohammad Ali saying he is the greatest, remember with all of the worlds economy pushing money at the Middle East they are spending those dollars on real estate and becoming players seemingly overnight.
Leading this new real estate powerhouse is Nasser Hassan Al-Ansari, who, at 40, is representative of a new generation of Persian Gulf business leaders. Educated in the United States and Europe, they have greater financial sophistication and more-global ambitions than their predecessors.
“We’re engaged in institution building in a country that is engaged in nation building,” Al-Ansari says. “I count myself fortunate to be able to witness the transformation of my society within just one generation.”
Qatari Diar was launched in 2005 with a capitalization of more than $1 billion to be the real estate investment arm of the oil- and natural-gas-rich Persian Gulf emirate. It is now building resorts in Morocco, Syria, Egypt, Oman, Sudan, Seychelles, Mauretania, and Mauritius, and even developing tourism properties in Cuba, as well as projects on its home soil. via Portfolio.com.
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I think the Don needs to step up to the plate and get it done before Nasser Hassan Al-Ansari fires his butt.
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