Habtoor Group resumes AED1bn Palm hotel project - ArabianBusiness.com

Dubai-based conglomerate the Habtoor Group will resume work on an AED1bn hotel project on the Palm Jumeirah, its chairman has said.

The project, which will be funded by the Habtoor Group, will be the first of several announcements to be made before the end of the year, Khalaf Al Habtoor told Arabian Business.

“The Habtoor Group and I are committed to participating [in Dubai real estate] and meeting my commitments by adding more projects, which we are going to announce soon. I’m going to say before the end of the year. This is the first of it and this is not the biggest, this is the warm-up,” he said.

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