Al Habtoor Group’s hotel unit has allocated an additional AED2 billion for international acquisitions next year, with a focus on Europe and the United States.
Chairman Khalaf Ahmad Al Habtoor said in a statement that he is eying further investments abroad as the Dubai-based conglomerate reported a strong performance for the first nine months of 2015 with revenue rising 16 percent compared to the same period a year earlier.
The value of the company’s investments and expansion initiatives in Dubai currently stand at AED12.5 billion, the statement said. Details