The biggest investor of the United Arab Emirates to open a regional office in Budapest

The Al Habtoor Group, one of the largest conglomerate corporations in the United Arab Emirates, is going to open a regional office in Budapest. The company already owns several hotels and office properties in the Hungarian capital.

Al Habtoor Group announced on their website that they are going to open a regional office in Budapest in order to service and assist its existing European operations and also to look for new investment opportunities. The initiative is part of the group’s plan to expand its enterprise’s reach to new European markets.

The Al Habtoor Group (AHG) owns several luxury hotels in European cities like London (Hilton London Wembley), Vienna (Hotel Imperial), and, of course, Budapest (InterContinental, The Ritz-Carlton). Apart from luxury hotels, AGH also has commercial and office properties in Budapest (Dorottya Udvar and Rumbach Center). Now, AHG is going to open a new regional office in the Hungarian capital.

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As AHG writes on their website:

“The group has long considered the European market a sound investment destination for its ease of doing business, risk-to-reward ratio, and the vibrant economies of its various countries. In the past, AHG’s Founding Chairman, Khalaf Ahmad Al Habtoor, has praised the Hungarian and Austrian governments, crediting them with understanding the importance of foreign direct investment, provision of tax benefits, and other incentives to both domestic and international investors.”