TBY talks to Mohammed Alwan, CEO of Makan, on the Real Estate sector.

What are some examples where Makan adopted innovative solutions to meet sustainability standards?

A significant project we developed was the ADCO Mosque; at first look, this was a conventional one. However, we designed and delivered a high-quality mosque to the Department of Urban Planning and Municipalities. As a result, we were given a Three Pearl Estidama rating. One of our innovative proposals was a cooling system that created new efficiencies and improved outcomes in an innovative way. With the support of our MEP subconsultants, we have built a reputation for providing tailored solutions to complex and unconventional issues. Moreover, we completed a recent project for Al Shohub School in Khalifa City; it stands out due to the installation of an air turbine, which has noticeably improved the quality of their lives.

What are the major challenges faced by the private sector?

Private financing has become more important within the construction space, but financing is still quite challenging. Abu Dhabi is changing in a more conservative way, but the focus on diversifying the economy away from hydrocarbons will spur this transition. The regulatory process for bidding and getting licenses needs to become more streamlined. What Abu Dhabi really needs is talented people determined to execute the vision of the leaders.