Khalaf Ahmad Al Habtoor, Chairman of the Al Habtoor Group, welcomed a delegation from the Kingdom of Saudi Arabia to his office on Wednesday November 6, 2013. The delegation, from Aseet Investment Board, were sent by Prince Faisal bin Khalid bin Abdulaziz Al Saud, the Governor of Asir Province and a member of House of Saud. Prince Faisal is also the president of the Saudi Arabia Investment Board.
Dr Abdul Aziz S. Al Mathami, Executive Director of the Board of Investment carried a letter to Al Habtoor on behalf of Prince Faisal. The letter contained information about the resource-rich economy of Asir Province, located in the southwest of the country, bordering Yemen.
The letter, written in Arabic, said, “Asir plays a very important part of the national economy and has received a lot of attention from the King and Crown Prince.”
He added, “It makes for a promising environment for investment. Because you are such a generous person and successful businessman who enjoys an excellent reputation in the world of business and finance, I would like to invite you to Asir to see the potential investment opportunities the Province has to offer – including tourism, trade, education.”
The letter went on to say that Asir Provence is the fourth largest province by population in Saudi Arabia, and the third largest in terms of purchasing power. In addition, Mr Al Habtoor was presented with an encyclopedia of Investment in Asir.
Al Habtoor said, “I am happy to receive a letter from Prince Faisal bin Khalid bin Abdulaziz Al Saud. It is always good to support and contribute to strengthening our business and economic ties with our GCC brothers. I am always looking for solid investment opportunities around the world, but first and foremost in our region.”