Khalaf Ahmad Al Habtoor, Chairman, Al Habtoor Group received His Excellency Dr Sultan Al Jaber, Minister of State in the United Arab Emirates and Chairman of Masdar.
HE Dr Al Jaber also serves as Chairman of Abu Dhabi Ports, CEO of Energy for the Mubadala Development Company, and the UAE’s Special Envoy for Energy and Climate Change. It was the first meeting between His Excellency and Al Habtoor.
The meeting took place on Monday February 8, 2016 at the Al Habtoor Group head office on Al Wasl Road. They discussed the progress the UAE has made in the field of clean technology, renewable and sustainable development as it diversifies its economy away from oil.
They also discussed the important role the United Arab Emirates is playing in investing in Egypt to help revive the country’s economy. His Excellency is head of the UAE/Egypt Liaison Office.
Al Habtoor said, “The stability and prosperity of Egypt is important for the entire region, not just Egypt.”
Chairman Al Habtoor informed HE Dr Al Jaber about his proposal to the Egyptian government to build a multi-use development in Cairo. Al Habtoor informed Dr Al Jaber about the components of his proposal which includes hospitality, residential and leisure facilities on one plot. The design is predominantly based on Al Habtoor City in Dubai.
Al Habtoor said, “We have used the successful model of Al Habtoor City and want to replicate it in Cairo. If it goes ahead it will include hotels, apartments, villas, polo and riding facilities and a school. Something like this has never been done before in Egypt. It will provide a boost to the economy and provide thousands of jobs.”