Dubai’s Al Habtoor Group to acquire property in Europe in expansion push – The National

Dubai’s Al Habtoor Group to acquire property in Europe in expansion push – The National

Dubai conglomerate Al Habtoor Group plans to acquire commercial property in Europe this year as part of its expansion plans and expects 15 per cent to 20 per cent revenue growth across its businesses in 2023.

The family owned business, with interests in the property, hospitality, automotive, insurance, education and publishing sectors, is looking at countries near Hungary, including Slovakia, the Czech Republic and Romania to buy property, its vice chairman and chief executive Mohammed Al Habtoor told The National in an interview.

The company currently owns an office complex and two hotels in the Hungarian capital, Budapest. It also has hotels in Austria, the UK, Lebanon and the US.