Al Habtoor Group Chairman Discusses UAE Progress with His Excellency Nasser Ahmed Alsowaidi

Tuesday 09 February 2016
Khalaf Ahmad Al Habtoor with His Excellency Nasser Ahmed Alsowaidi

Dubai - MENA Herald: Al Habtoor Group Chairman Khalaf Ahmad Al Habtoor received today His Excellency Nasser Ahmed Alsowaidi at the Al Habtoor Group headquarters on Al Wasl. Alsowaidi is member of the Abu Dhabi Executive Council and Chairman of the Department of Energy, Chairman of the National Bank of Abu Dhabi, Abu Dhabi Securities Exchange (ADX) and Etihad Rail. HE Alsowaidi is also as a board member of the International Petroleum Investment Company (IPIC).

They talked about the UAE’s progress – particularly the improved infrastructure; rail networks, and roads. Al Habtoor praised the work conducted by the RTA to create minimal disruption while the work on the Dubai Water Canal is being carried out.

Al Habtoor said, “The UAE landscape is evolving fast thanks to the vision of our leaders. I commend the work by the government bodies and private sector to ensure everything runs smoothly.”

They also talked about the banking sector in the UAE, where Al Habtoor expressed his hope for more responsible lending by some of the country’s banks – particularly in the residential and hospitality sectors.

He said, “I encourage everyone to invest here. It is the safe haven of the world. The UAE has long yielded positive returns for investors, but I urge banks to lend with caution and investors to borrow responsibly to reach their goals.”

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