Dubai: Zabeel Investments, a multi-diversified investment house which delivered the Dh2.1 billion Tiara Residence on Palm Jumeirah, said its assets had increased to Dh8 billion in recent months.
Shaikh Hamdan Bin Mohammad Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council, said on Tuesday that investment in key economic sectors was an important strategic option for the coming period.
He met on Tuesday with the board of directors of Zabeel Investments and was briefed by the company's chairman, Saleh Lootah, on the progress being achieved by the company's various projects.
He emphasised that the focus in the coming period should be on projects and plans of strategic priority.
During the meeting, Shaikh Hamdan was briefed on one of the company's major projects; the prestigious Zabeel Saray, a five-star hotel being built on Jumeirah Palm which boasts oriental designs and is considered one of the most luxurious hotels in the region. Work on the project is reported to be 99 per cent complete and the resort is scheduled to open later this year.
