Dubai’s Habtoor explores Asia investment

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Khalaf Al Habtoor, founder and chairman of Al Habtoor Group

Dubai’s family conglomerate Al Habtoor Group, best known for its construction business, but also engaged in hotel, automotive, real estate, education, insurance and publishing, is studying investment opportunities in Southeast Asia, particularly in Indonesia and Malaysia.

Last month, senior executives of the Al Habtoor Group met with Malaysian and Indonesian delegations on different occasions in Dubai to discuss potential investment opportunities in Southeast Asia.

Mohammed Fadhel Al Mazrooei, Managing Director of Al Habtoor, said the group is exploring potential investment opportunities in the entire region as it is experiencing strong economic growth. Especially Indonesia, he said, “remains one of the fastest growing and most stable economies in Asia.”

Members of the Malaysian and Indonesian delegations said they see the potential for further collaboration and strategic tie-ups. The Malaysians were especially promoting the Iskandar development, the new main southern development corridor in Johor, Malaysia, where massive residential and commercial development is ongoing. The regions offers beneficial tax incentives to foreign investors, the Malaysian delegation emphasised.

Apart from looking east, Al Habtoor has also resumed its investments in Dubai as the emirate is rebounding from its property and debt crisis.

Al Habtoor is now spending $1.3 billion on a complex located on the emirate’s main commercial strip. It will include three five-star hotels with more than 1,600 rooms, tennis courts, a garden, shops, restaurants and a theater, Bloomberg reported.

In addition to the hotel projects and possible Southeast Asian investments, Al Habtoor is also looking to buy commercial property or hotels in Europe, namely in Paris and London.

 

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[caption id="attachment_5190" align="alignleft" width="300"] Khalaf Al Habtoor, founder and chairman of Al Habtoor Group[/caption] Dubai's family conglomerate Al Habtoor Group, best known for its construction business, but also engaged in hotel, automotive, real estate, education, insurance and publishing, is studying investment opportunities in Southeast Asia, particularly in Indonesia and Malaysia. Last month, senior executives of the Al Habtoor Group met with Malaysian and Indonesian delegations on different occasions in Dubai to discuss potential investment opportunities in Southeast Asia. Mohammed Fadhel Al Mazrooei, Managing Director of Al Habtoor, said the group is exploring potential investment opportunities in the entire region as...

Reading Time: 1 minute

Khalaf Al Habtoor, founder and chairman of Al Habtoor Group

Dubai’s family conglomerate Al Habtoor Group, best known for its construction business, but also engaged in hotel, automotive, real estate, education, insurance and publishing, is studying investment opportunities in Southeast Asia, particularly in Indonesia and Malaysia.

Last month, senior executives of the Al Habtoor Group met with Malaysian and Indonesian delegations on different occasions in Dubai to discuss potential investment opportunities in Southeast Asia.

Mohammed Fadhel Al Mazrooei, Managing Director of Al Habtoor, said the group is exploring potential investment opportunities in the entire region as it is experiencing strong economic growth. Especially Indonesia, he said, “remains one of the fastest growing and most stable economies in Asia.”

Members of the Malaysian and Indonesian delegations said they see the potential for further collaboration and strategic tie-ups. The Malaysians were especially promoting the Iskandar development, the new main southern development corridor in Johor, Malaysia, where massive residential and commercial development is ongoing. The regions offers beneficial tax incentives to foreign investors, the Malaysian delegation emphasised.

Apart from looking east, Al Habtoor has also resumed its investments in Dubai as the emirate is rebounding from its property and debt crisis.

Al Habtoor is now spending $1.3 billion on a complex located on the emirate’s main commercial strip. It will include three five-star hotels with more than 1,600 rooms, tennis courts, a garden, shops, restaurants and a theater, Bloomberg reported.

In addition to the hotel projects and possible Southeast Asian investments, Al Habtoor is also looking to buy commercial property or hotels in Europe, namely in Paris and London.

 

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