According to MTI (Hungarian news agency), the United Arab Emiratesʼ Al Habtoor Group’s chairman Khalaf Ahmad Al Habtoor recommends Hungaryʼs investment environment for the ease of doing business and its healthy returns in an address to the Hotel Investment Conference CEE & Caucasus (HOTCO) in Budapest last week.
The Arabic businessman owns the InterContinental Hotel and The Ritz-Carlton in Budapest, and the group also recently manages the Rumbach Center and the Dorottya Udvar office complexes in the Hungarian capital.
The MTI reports said:
“Investments here are more rewarding than in any other parts of Europe, the United States, and the so-called established investment destinations,” he said. “I believe that the more mature markets in Europe have peaked. They yield very little returns, if any, and the red tape is a major put-off to investors,” he added.
“No one is discriminated against,” Khalaf Ahmad Al Habtoor said in his speech.