Khalaf Al Habtoor Receives Japanese Consul

Khalaf Al Habtoor Receives Japanese Consul
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Published August 19th, 2010 - 08:39 GMT

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Mr Khalaf Al Habtoor, chairman of the Al Habtoor Group, held a meeting in his office with Takashi Ashiki, Japan's Consul General to the UAE.

The Consul General asked Mr Al Habtoor to share his thoughts on the UAE's economy.

"First affected are first to recover," Said Mr Al Habtoor. "Dubai has leapfrogged many cities in the world to become one of the world's most prominent economies, in few years, and no wonder it's one of the fastest to get out of the crisis."

"Trading transactions have been steaming ahead and businesses in variance fields have picked up, at the beginning of this year," added Mr Al Habtoor. "Properties are the highest affected; nevertheless, the signs of recovery are clearly seen in the recent reports of leasing 30,000 flats this year, and the indication of new residents to Dubai which have outnumbered the amount from last year."

Dubai's economy showed a more balanced pattern of growth, with consumer activity offset by a more buoyant trading performance.

Mr Al Habtoor stated that many economists and media people look at the photo's negative rather than the actual picture. "Dubai has an advanced infrastructure that can accommodate the economy's requirements for years to come," Mr Al Habtoor concluded. 

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