Piramal Realty, the real estate arm of Piramal Group, one of India's leading diversified business conglomerates, on Tuesday announced the appointment of Naaman Atallah as Chief Executive Officer (CEO).
Naaman was formerly the CEO of Dubai Properties.
He led a portfolio of 144 projects worth USD 30 billion which included residential, commercial, retail and hospitality developments.
Previously, he held the position of COO at Qatari Diar where he was in charge of an international portfolio of over 30 projects worth more than USD 40 billion, including the prestigious Chelsea Barracks project in London.
He was also the COO of Emaar Properties PJSC, where he worked extensively on some of the world's most iconic projects such as Burj Khalifa, Armani Hotel Dubai and The Dubai Mall.
Before that, at Solidere, Naaman headed the development of the largest mixed-use project in Lebanon, the Beirut Souks. He was also the programme director with Fradim, in charge of celebrated real estate development projects on the French Riviera.
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"Recent government reforms such as RERA, GST, bankruptcy code and demonetisation have been a great boost for institutional players such as Piramal Realty. These reforms will pave way for consolidation in the industry. Backed by a strong balance sheet and a great team, we are well positioned to acquire land at attractive prices and build a substantial company. In this context, we are delighted to welcome Naaman, one of the most experienced and successful professionals, to lead this exciting growth phase in our company's history," said executive director, Piramal Group and founder, Piramal Realty, Anand Piramal.
"India is the world's fastest growing and most dynamic large economy. Perhaps no country offers growth prospects for leading real estate professionals as India does. I hope to be an important catalyst in Piramal Realty's quest to become India's most admired real estate company and look forward to building on the foundation that I have inherited and bringing world-class cutting edge practices in design, development, construction, sales & marketing, to India. I aspire to build a company that sets a new benchmark in customer centricity and quality while providing superior returns to our shareholders," said Naaman Atallah.
Naaman holds a Bachelors of Science Degree in Civil Engineering from the University of Texas at Austin and an MBA from Pepperdine University.
In addition, he has completed an Advanced Management Programme at INSEAD, France.