Khalaf Al Habtoor halts investment plans in Lebanon, citing security and stability issues

Lebanon News
28-01-2025 | 03:42
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Khalaf Al Habtoor halts investment plans in Lebanon, citing security and stability issues
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Khalaf Al Habtoor halts investment plans in Lebanon, citing security and stability issues

Emirati businessman Khalaf Ahmad Al Habtoor announced the cancellation of all investment projects he intended to implement in Lebanon. 

In a statement posted on his X account, he wrote, "After consulting with the board of directors of the Al Habtoor Group, I have made a painful decision I never wanted to reach."

"However, the current situation in Lebanon, with its lack of security and stability and no prospect for improvement in the near future, has led us to take the following steps: Canceling all the investment projects we intended to implement in Lebanon, refraining from traveling to Lebanon, selling all my properties and investments in Lebanon," he noted. 

He added, "These decisions were not made hastily but are the result of careful analysis and thorough monitoring of the situation there."
 

Lebanon News

Lebanon

Businessman

Khalaf Ahmad Al Habtoor

Al Habtoor Group

Investments

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