UAE’s Al Habtoor Group completes preparations for Cairo office

UAE-based business conglomerate Al Habtoor Group (AHG) is set to complete preparations to open its office in Cairo, Egypt, it announced on October 7.

The Cairene headquarters, located in the Heliopolis suburb, are scheduled to be launched by the end of the year.

The office will act as a liaison unit between AHG’s Emirati and international operations, and Egypt. One of its primary asks will also be to scour for local opportunities becoming of the group’s diversified portfolio.

Khalaf Al Habtoor, founding chairman of AHG, said: “Despite the world economic situation, Egypt is an important market to be in, with tremendous possibilities due to the reforms implemented by the Egyptian Government, and the infrastructural expansions taking place.

“I have been exploring the opportunities in Egypt for some time, and I am keen on being present there. We are in the process of studying a few prospects at present, which we will announce in due course.”

AHG has a presence in the US, Austria, Hungary, the United Kingdom and Lebanon. Egypt will become the sixth destination for the group to operate in, outside the UAE.

AHG, celebrating its 50th anniversary in 2020, has interests in the hospitality, automotive, real estate, and education sectors.

The AHG chairman met the CEO of Israel-based conglomerate Ampa Group, Shlomi Fogel, in Dubai last month.

Read: UAE’s Al Habtoor Group chairman meets Israeli conglomerate CEO; reveals plans to open office in Israel

He further revealed his plans to open a representative office in Israel.