Al-Habtoor Group, Hilton unveil new partnership

Mohammed Al-Habtoor, vice chairman and CEO of Al-Habtoor Group, and Ian R. Carter of Hilton. (Photo/Supplied)
Updated 31 July 2018
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Al-Habtoor Group, Hilton unveil new partnership

Mohammed Al-Habtoor, vice chairman and CEO of the Al-Habtoor Group, and Ian R. Carter, president, global development, architecture, design and construction, Hilton, hosted a press event to announce a new franchise agreement, effective as of Aug. 1, for the three hotels at Al-Habtoor City. 

The decision to rebrand these properties as Habtoor Palace, LXR Hotels & Resorts, V Hotel, Curio Collection by Hilton and Hilton Dubai Al-Habtoor City was unveiled at a ceremony held at Al-Habtoor City, on Tuesday. The announcement of the deal comes after a recent statement that the Al-Habtoor Group plans to expand its Habtoor Hospitality-management portfolio.

Also present at the signing ceremony were: Rudi Jagersbacher, Hilton’s president of Middle East, Africa and Turkey; Patrick Fitzgibbon, SVP of development, Hilton EMEA; Carlos Khneisser, VP, development, MENA and Turkey; and from Al-Habtoor Group, Maan Halabi, managing director; Sanjeev Agarwala, chief operating officer — hospitality and investments; Sunderesh Iyer, chief operating officer — Al-Habtoor Investment; and Kamal Naamani, managing director — hospitality and leisure projects UAE, Habtoor Hospitality.

Mohammed Al-Habtoor said: “We are pleased to extend our partnership with Hilton to three additional hotel properties at Al-Habtoor City, our flagship hospitality, leisure and residential development located in the heart of Dubai. This is a record transition into a new portfolio of brands, a testament to the strong relationship and trust between Al-Habtoor Group and Hilton.”

He added: “The announcement today increases our partnership with Hilton from five hotels to eight hotels around the world.”

Ian Carter said: “The addition of these three properties is great news for Hilton and strengthens a strategic partnership with Al-Habtoor Group which spans across several markets internationally. Our portfolio will now see more than 5,000 rooms open by the end of the year in Dubai, a destination that ranks alongside global powerhouses such as London, Paris and New York in terms of annual visitor numbers.”

Habtoor Palace, LXR Hotels & Resorts

A 234-guest room luxury hotel will operate as an independent property as it joins the upcoming ultra-luxury collection brand from Hilton, LXR Hotels & Resorts. 

V Hotel, Curio Collection by Hilton

The first hotel in the UAE to join Curio Collection by Hilton, a global upper upscale portfolio of more than 50 hotels and resorts lauded for their distinct culture and spirit, V Hotel joins 10 pipeline and trading properties in the region.

Hilton Dubai Al-Habtoor City

Centrally situated on both Sheikh Zayed Road and the Dubai Water Canal featuring 1,004 guest rooms, including 142 suites, this hotel under the flagship Hilton Hotels & Resorts brand becomes the largest in Hilton’s Middle East and Africa portfolio.

Khalaf Ahmad Al-Habtoor, founding chairman of Al-Habtoor Group, said: “Dubai is a safe haven for tourism and investment. The decision of Hilton to choose Dubai as one of the first locations for its upcoming luxury collection brand is a confirmation of Dubai and the UAE’s robustness and appeal.”


Saudi Arabia world’s safest and most attractive investment destination, says chairman of Sumou Holding

Updated 09 March 2026
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Saudi Arabia world’s safest and most attractive investment destination, says chairman of Sumou Holding

Saudi Arabia has emerged as one of the world’s safest and most attractive destinations for investment, supported by the strength and resilience of its economy, according to Ayed bin Farhan Al-Qahtani, chairman of Sumou Holding.

Al-Qahtani said the Kingdom’s economy has consistently demonstrated its ability to navigate global and regional crises. He noted that Saudi Arabia has historically adapted to challenging conditions and emerged stronger, thanks to prudent economic policies and effective governance, both of which have reinforced the market’s financial strength. Al-Qahtani added that Saudi Vision 2030 has reshaped the structure of the national economy by diversifying income sources and leveraging the country’s core strengths, creating a more flexible and sustainable economic environment capable of withstanding global volatility.

According to Al-Qahtani, business activity across Saudi Arabia continues to operate normally despite current global uncertainties, highlighting the adaptability and experience of Saudi companies across multiple sectors.

Sumou Holding currently manages an investment portfolio valued at about $10 billion. Al-Qahtani said that the group plans to expand its investments in the Kingdom while seeking to attract additional foreign capital through international partnerships and joint ventures.

The company is evaluating a range of new opportunities across key sectors and particularly in real estate, which Al-Qahtani described as one of the most secure and attractive investment sectors in the Saudi market amid rising demand for residential, commercial, and development projects.

Saudi Arabia’s property market has also undergone significant regulatory reforms aimed at boosting its appeal to international investors. A new foreign property ownership law, which came into effect in early 2026, allows non-Saudis — individuals and companies, residents and non-residents — to own residential, commercial, and agricultural properties across designated areas of the Kingdom.

The framework will increase capital inflows into the real estate sector while introducing specific ownership rules for the holy cities of Makkah and Madinah, two markets Al-Qahtani said remain among the most secure and globally attractive for long-term investment.

Sumou Holding owns two companies listed on the Saudi Exchange: Sumou Real Estate Co. and Ader Real Estate Co.

Al-Qahtani added that the group’s international arm, Ader Global, is building partnerships with global investors and directing capital toward promising opportunities in the Saudi market, reinforcing the Kingdom’s role as a regional hub for investment and multinational companies.

With its strong regulatory framework, investment security, and continued government support for the private sector, Saudi Arabia is well positioned to attract further foreign capital in the coming years, Al-Qahtani said, cementing the country’s status as a leading global investment destination both today and in the future.