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Dubai Sheikh’s Family Postpones Opening of Family Office in Hong Kong, Expected to Launch by Late May

Members of the Dubai Sheikh’s family will come to Hong Kong to set up a family office, and the opening will be postponed to late May at the latest. (online picture)

Members of the family of the Emir of Dubai in the United Arab Emirates came to Hong Kong to open a family office, involving a capital of US$500 million (approximately HK$3.9 billion). Mohammed’s nephew, Prince Ali (Sheikh Ali Rashed Ali Saeed Al Maktoum), was originally scheduled to hold a Hong Kong event yesterday (28th) There was a press conference for the opening of the family office, but it was not possible because Prince Ali had urgent matters to return to the country to deal with. The opening of the family office in Hong Kong had to be postponed, which is deeply regrettable. It will open by the end of May this year at the latest.

Prince Ali’s family office issued a statement stating that Prince Ali believes that opening a family office in Hong Kong is just the beginning of his global public service. He expressed his sincere gratitude to the Hong Kong government, including but not limited to the Treasury Bureau and Invest Hong Kong, for assisting him in setting up a family office in Hong Kong. Prince Ali is eager to build trust, inspire unity and make impactful efforts to transform human lives with stakeholders in every country he visits.

Alibaba signed a memorandum of cooperation with Hang Seng University the day before yesterday (26th) (Picture of Hang Seng University)

Statement: Prince Ali focuses on sustainable business relations between UAE and Asia

The statement mentioned that Prince Ali is focused on sustainable business relations between the UAE and Asia, aiming to build strong and lasting relationships with all stakeholders in business and social undertakings. His social responsibility is mainly to bring business to Dubai and global markets. Recently, he was appointed as Honorary Professor of Sustainability Leadership at Hang Seng University in Hong Kong. His inspirational leadership serves as a beacon for aspiring leaders, urging them to embrace their ideas and legacy while pursuing a path of progress and inclusion.

The original article was published on AM730

2024-03-29 05:50:11
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