Khalaf Al Habtoor, Emirati businessman and Chairman of Al Habtoor Group confirmed that investment in the UAE is better than in Europe, where the profits of the economy in Dubai are better than those of the economy in Europe.
I purchased a bunch of hotels in Europe as a kind of investment and I found the situation in Dubai better and more earnings. Al Habtoor said during a television interview.
Al Habtoor said that when he started investing, he had not completed his education, and he did not own a single penny. He brought in an Egyptian engineer and a Palestinian administrator who had been expelled from their jobs, and he agreed with them to start working together. After that, he rented a two-room office with a well-known businessman in Dubai.
The first step was taken and then the second, and received strong support from Sheikh Rashid Said Al Maktoum. He ordered Habtoor to implement major projects in the UAE, including Dubai Airport and the Officers’ Club; Where I was doing business with high precision, and low costs. Al-Habtoor said.
Al-Habtoor is one of the wealthiest self-made Arab businessmen and owns one of the most successful companies in the Middle East, with an estimated wealth of $5.3 billion.