Forbes Middle East hosted a glittering event on November 12th in the Oberoi Dubai Hotel to unveil its ‘Global Meets Local—Top 100 Executives in the Arab World’ ranking. Mr Yu Tao, President & CEO of CSCEC ME is ranked No. 22nd in the Top 100 Executives in the Middle East 2017 by Forbes Middle East, compared with the ranking of 36 last year, a high rise of 14 of its ranking position. The notable leaders present were recognized not only for spearheading Middle East business, but also for actively governing larger areas based out of the GCC. Global companies from technology and banking sectors have dominated the list, such as Boeing, Oracle, Google, Bank of America Merrill Lynch, AXA Insurance, BMW, etc.
The award is a great achievement and recognition for CSCEC Middle East (L.L.C) as we have distinguished our operating practices from other organizations in the Real Estate & Construction industry. Mr Yu Tao expressed that CSCEC ME had kept a steady development in the past year although there had been downward pressure on profit margins and cash flows shrinkage resulted from the prolongment of progress payment for contractors. We would appreciate the trust and support from our clients and partiers and be committed to continuing to improve our project quality as well as the ability to perform the contract and provide an even better service to our clients.
In compiling the list, Forbes Middle East’s research team spoke to the companies listed on the Forbes Global 2000 ranking that has significant operations in the Arab world. Based on the responses, the top executives were ranked according to their global impact, employment impact, the number of countries or regions that they oversee and their total work experience.