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Khalaf Al HabtoorHead of the company "Al Habtoor Group"
Country:
 UAE |
Content:
- Biography of Khalaf Al Habtour
- Rise to Billionaire Status
- Building a Successful Company
- Influential Connections
- Leading Construction Projects
- Diversification of Business
- Family and Legacy
Biography of Khalaf Al Habtour
Khalaf Al Habtour, the leader of Al Habtoor Group, has played an active role in the development of the United Arab Emirates, and his wealth has grown rapidly. As a teenager, Khalaf worked for a construction company in Abu Dhabi, and after graduating from school, he became the head of the company, making him the youngest leader in the country at that time. He later founded his own company, Al Habtour Al Handasia, which eventually became the Al Habtoor Group.
Rise to Billionaire Status
Khalaf Al Habtour is a self-made Arab billionaire. Currently, he is the head of the Al Habtoor Group, with a personal fortune of approximately $2.5 billion, according to Forbes magazine, which placed him on the list of the richest people on the planet. His father was a pearl trader, and there were no indications of significant wealth for Khalaf. However, the future billionaire did not lose hope. He actively participated in the development of the United Arab Emirates, and his prosperity grew rapidly.
Building a Successful Company
As a teenager, Khalaf worked for a construction company in Abu Dhabi. After graduating from school, he became the head of the company, becoming the youngest leader in the country at that time. He then founded his own company, Al Habtour Al Handasia, which later became the Al Habtoor Group. From its inception, the company started building residential buildings in Dubai and carried out various construction projects.
Influential Connections
Khalaf Al Habtour had close friendships with the ruling family of Dubai, particularly with Sheikh Rashid Al Maktoum's sons. When Khalaf turned 27, he won a tender to create a medical center in Dubai and completed it ahead of schedule. Impressed by his excellent work, Sheikh Rashid gifted Khalaf a luxurious plot of land in the suburbs, which is now the most prestigious area in Dubai. Khalaf soon built a luxurious hotel on the land.
Leading Construction Projects
Since 1971, Khalaf's company has been considered a leading company and has been involved in significant construction projects, with the number of projects increasing over time. Additionally, Khalaf obtained exclusive rights to sell Mitsubishi, Bentley, Aston Martin, and Bugatti cars in the UAE.
Diversification of Business
Currently, Khalaf's company is involved in various industries, including real estate, automobile sales, property trading, insurance, education, and media publishing. Khalaf pays special attention to education in the country. For example, in 1975, he built the Al Ittihad School, and in 1991, he established the Al Imarat Al Dawlia Institute, which is now a leading institution and one of the most prestigious schools in the country.
Family and Legacy
Khalaf has five children, with his sons Ahmed and Mohammed working in the family business, while his three daughters are not involved in the business.
