Khalaf Ahmad Al Habtoor, Chairman of the Al Habtoor Group, welcomed several of the UAE-based ambassadors to his Majlis on Monday April 14, 2014, where he hosted a lunch.
He was joined by the Ambassador of the Federal Republic of Germany to the UAE, His Excellency Nikolai von Schoepff; Ambassador of the Republic of Fiji, His Excellency Robin Nair; Irish Ambassador to the UAE, His Excellency Patrick Hennessy; and Russian Consul General in Dubai, Gocha Buachidze; as well as other high profile officials in the UAE. Also present were senior executives from the Al Habtoor Group.
Al Habtoor, who is invested heavily in the UAE, is eyeing up significant opportunities abroad. Al Habtoor recently returned from a visit to several locations in Europe, including Hungary, and Ireland where he looked at potential business opportunities. Al Habtoor currently has three hotels abroad; two in Lebanon and one in Hungary. “If the valuations are right, and the economic conditions are in my favour then I will seriously consider expanding my international portfolio. I am investing heavily in Dubai as it is guaranteed to give positive returns. But I will not rule out international assets.”
The Al Habtoor Group Chairman recently opened the Waldorf Astoria Dubai Palm Jumeirah and is currently building a new landmark in Dubai – Al Habtoor City, a multi-use development which will incorporate three five-star hotels (St. Regis, Westin, W hotel), three luxury residential towers and a permanent Franco Dragone Entertainment Group theatre production. The development is located in a prime location in Dubai near the financial centre and will benefit from being on the banks of the Dubai Water Canal.