PHOTO
DUBAI, UAE — Khalaf Ahmad Al Habtoor, Founding Chairman of Al Habtoor Group (AHG), received MP Alaa Abed, Chairman of the Egyptian Parliament’s Human Rights Committee, at the AHG Head Office. Al Habtoor and Abed discussed investment possibilities in Egypt and its current economic climate.
Also, Parliamentary Bloc chief of the Free Egyptians Party, which supports the principles of a liberal, democratic and political order in Egypt, Abed’s first meeting with Al Habtoor was facilitated by Ali Alhammadi, prominent Emirati lawyer and Founder of Ali Alhammadi Advocates & Legal Consultants.
Al Habtoor and Abed deliberated over the present investment climate in Egypt, its economic trends, the problems faced by prospective investors, and the current government policies surrounding investment. Al Habtoor expressed keen interest in an improved investment milieu, backed by proper legislative and structural reforms by the Egyptian government and private sector.
Al Habtoor said: “I am very fond of Egypt and consider it my second home. The country offers huge potential and is on the right path to recovery, attracting investors from different industries, generating business and job opportunities for local communities. I firmly believe Egypt has thriving investment potential — further legislative and bureaucratic reforms, and tax incentives would pave the way for improved foreign direct investment.”
In 2017, Al Habtoor — a regular visitor to the country — acquired a heritage property in Helipolios for personal use, once owned by the late King Faisal Bin Abdulaziz Al Saud, former ruler of Saudi Arabia where he received several world leaders.
Al Habtoor, one of the UAE and Middle East’s most renowned businessmen, continues to expand AHG’s interests worldwide through strategic international acquisitions and investments, in both established and promising markets.
-Ends-
Contact information:
Noura Badawi
Chief Communications Officer
Al Habtoor Group LLC
Dubai, UAE
E: noura@habtoor.com
T: +971 (50) 455 8133
About Al Habtoor Group
Al Habtoor Group, headquartered in the United Arab Emirates (UAE), is one of the region’s largest and most respected conglomerates. Founded in 1970 by Khalaf Ahmad Al Habtoor, the Group has grown in unison with the UAE and today has a diverse portfolio of successful business operating in key economic (hospitality, automotive, real estate, and education). Al Habtoor Group has an unwavering commitment to excellence, applied throughout all its units. www.habtoor.com
© Press Release 2020Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
