Wael Tawil is new BID CEO

Abu Dhabi-based Baniyas Investments and Development Company (BID) has appointed Wael Tawil as its Chief Executive Officer. The Bid Board of Directors also announced Tawil as Managing Director of Al Maha Investments – a subsidiary of Emirates International Investment Company.

Announcing the appointment, Chairman Jowan Alkhaily said: "With his extensive knowledge on the regional real estate and investment sectors, I am confident he will play a pivotal role in driving BID's initiatives and help achieve its strategic objectives. We believe Tawil is the right person to lead BID, in close coordination with our board and management team."

Wael joins BID from Amer Real Estate, a real estate company in Egypt. Prior to Amer Real Estate, Wael worked at PepsiCo for 10 years in Jordan, Dubai, Egypt, Saudi Arabia and North Africa.

BID was established in 2005 as a majority-owned subsidiary of Bani Yas Sports Club and has a number of projects, including residential and commercial tower buildings, including Bawabat Al Sharq (Doors to the East), which represents the first of several plans of the company.

The mixed-use project is being developed with a cost of Dh2.2 billion in Abu Dhabi's Baniyas district, covering a total area of about 108 hectares (1,080sqm) of land.

Follow Emirates 24|7 on Google News.