Khalaf Ahmad Al Habtoor receives Emirates NBD CEO

Press release

Published September 7th, 2016 - 05:53 GMT

Salah M Amin; Shayne Nelson; Khalaf Al Habtoor

The Chairman of Al Habtoor Group, Khalaf Ahmad Al Habtoor, received senior management from Emirates NBD at the Al Habtoor Group head office on Monday 5 September, 2016. The Chairman met with Shayne Nelson, CEO of Dubai’s biggest bank, and Salah M Amin, EVP Corporate Banking.

Also present from the Al Habtoor Group was Maan Halabi, Managing Director; KP Rajan, Group Financial Advisor; and Arun Krishnan, Chief Financial Officer.

They discussed the growing economy in Dubai, and increased infrastructure projects underway. Khalaf Al Habtoor said, “Dubai is always striving to improve its image and set an example for others to follow. The skyline of Dubai is undergoing the most radical change it has seen. It is a shining example to the world.”

He also discussed the increased demand for high quality real estate in the UAE. “We have created two new lifestyle destinations in Dubai: Al Habtoor City, which incorporates three five star hotels, including a state of the art aqua theatre alongside three luxury residential towers boasting the very best of facilities on the Dubai Water Canal and Sheikh Zayed Road. In addition, we are creating a new equestrian haven in DubaiLand at the Al Habtoor Polo Resort & Club. Both of these developments are unique lifestyle destinations.”

The Chairman said demand for the Residence Collection at Al Habtoor City has been strong, but cautioned against irresponsible lending by financial institutions and said he welcomed stringent requirements by the Central Bank of UAE to ensure responsible lending.

Background Information

Al Habtoor Group

The Al Habtoor Group has grown with the United Arab Emirates. What started out as a small engineering firm in 1970, is today one of the region’s most respected conglomerates with interests in the hospitality, automotive, real estate, education and publishing sectors. The Al Habtoor Group has earned itself a solid reputation both locally and internationally due to the vision of its Chairman, Khalaf Ahmad Al Habtoor.