Khalaf Ahmad Al Habtoor, Founding Chairman, Al Habtoor Group welcomed a senior delegation from Credit Suisse at the Al Habtoor Group head office on Wednesday 27 September 2017. The delegation was led by Bruno Daher, CEO Middle East, India & Turkey.
Also present was Georges El Khoury, Head of GCC, Credit Suisse and Talal Nasralla, Director UAE Market. Present from the Al Habtoor Group was Mohammed Al Habtoor, Vice-Chairman and CEO; Arun Krishnan, Chief Financial Officer; Chin Poh Kueh, Director of Finance and Sanjeev Agarwala, Chief Operating Officer – Hospitality and Investment.
They discussed potential investments opportunities in the region with a particular focus on the United Arab Emirates. Al Habtoor said, “Dubai and the UAE offer solid investments to both local and foreign investors. It is a stable with solid return of investment.” However, he said banks need to be cautious when lending. “They need to ensure they lend responsibly.”
He pointed out that the Al Habtoor Group had significantly boosted its investment portfolio in the UAE in recent years across its units (hospitality, automotive, car rental, education, and real estate).
The Al Habtoor Group Hospitality division now has seven hotels in Dubai (Habtoor Grand Resort, Autograph Collection; The Waldorf Astoria Dubai Palm Jumeirah; Metropolitan Hotel Dubai; The St. Regis Dubai, Al Habtoor Polo Resort & Club, and the three hotels within Al Habtoor City’s Hotel Collection: The St. Regis Dubai; W Hotel – Al Habtoor City; The Westin Dubai, Al Habtoor City).