Baniyas Investments names new Chief Executive Officer

Dubai: Baniyas Investments and Development Company (BID), majority-owned by Bani Yas Sports Club, yesterday said it had appointed Wael Tawil as its chief executive.

The BID Board of Directors also announced Tawil as managing director of Al Maha Investments, a subsidiary of Emirates International Investment Company.

Baniyas Investments and Development (BID) has a pipeline of projects including master planned communities and residential and commercial towers in the UAE.

Lobbying

Tawil joins BID from Amer Real Estate - one of the leading real estate companies in Egypt, where he worked on various M&A advisory deals across Jordan, Egypt, Syria, Lebanon and Yemen. Prior to Amer Real Estate, Tawil worked at PepsiCo for 10 years in Jordan, Dubai, Egypt, Saudi Arabia and North Africa, leading the group to unprecedented success. His key achievements include lobbying for industry sales tax reform in Jordan, contributing $5 million (Dh18.36 million) to annual profit and loss and helping the group's profits grow three-fold in less than two years in the North African franchised region.