Daily News Hungary

(MENAFN – Arab Times) Vice Chairman and CEO, Al Habtoor Group welcomed senior executives from Swiss Private Banking Group Julius Baer. The delegation included Daniel J. Sauter, Chairman of the Board of Directors; Remy Bersier, Head Southern Europe, Middle East and Africa and Member of the Executive Board; Daniel Savary, Global Head Eastern Mediterranean & Middle East (EMME) markets; Jean Pierre Dib, Director, Middle East.

The meeting took place on Nov 26, 2015 at the Al Habtoor Group Head Office on Al Wasl Road. Mohammed Al Habtoor told the delegation about the Group’s core assets, with a focus on the hospitality and automotive sectors. The Al Habtoor Group has seen rapid growth in the hospitality sector in recent years. It recently opened the St Regis Dubai Al Habtoor City, the first of three five sta hotels to open within the upmarket development. The W Dubai Al Habtoor City and The Westin Dubai, Al Habtoor City are due to open early next year.

In addition, the Al Habtoor Group is developing its firstever five-star Polo resort in DubaiLand The Al Habtoor Polo Resort & Club, which will include a second St Regis hotel. Plus, it is building a new Metropolitan Hotel on Sheikh Zayed Road. They also discussed potential investment opportunities locally and internationally. “We already own five hotels abroad,” said Mohammed Al Habtoor. “Two in Beirut, two in Budapest and one in the United States. We are looking to expand our international portfolio further. Our focus is on Europe and the United Arab Emirates.” Daniel J Sauter said the Julius Baer would assist the Group to meet its long-term strategies.

Source: http://www.htcc.org.hu

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