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Thursday, May 23, 2024

Investment signals economic stability

by The Media Office

Khalaf Al Habtoor, Alain Azouaou and Sultan Al Habtoor at the Al Habtoor head office.

Speaking at a meeting with executives from the HSBC Bank on January 25, Khalaf Al Habtoor pointed out that the recent decision by the Abu Dhabi Executive Council to invest in three large scale projects is a sign of economic stability in the region.

The announcement that versions of the Louvre and Guggenheim museums, as well as the Sheikh Zayed Museum had been given the green light to be built in Abu Dhabi, came just days after the Al Habtoor Group unveiled its most recent local investment, a Dhs4.875 billion (USD$1.34 billion) hotel complex to be built on Sheikh Zayed Road.

Both these pieces of news, Al Habtoor believes will encourage further investment in the region.

“They endorse my repeated cries to kick start all held-up projects and to invest in the country, particularly in the area of infrastructure, and in large projects which will generate high levels of employment and result in economic benefits for generations to come,” he said

Attending the event were Stuart L Grant – the Global Head of Corporate Banking; Tim Reid – the Regional Co-Head of Global Banking; Ahmed Abdelaal – the Head of Corporate Banking and Khurram Butt –the Manager of Corporate Banking.

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