Maktoum bin Mohammed meets with the Chairman of the Board of Directors of my two companies "Hong Kong and Shanghai hotels" and"CLP Energy Holdings"
DUBAI, 16TH FEBRUARY/WAM/ His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, met today (Monday) with Sir Michael Cadore, Chairman of the Board of Directors of CLP Holding, a leader in energy solutions, and The Hongkong and Shanghai Hotels, Limited, owner of the international luxury hotel chain “Peninsula”.
During the meeting that took place in His Highness’s office in Nad Al Sheba, His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum stressed the keenness of the UAE and Dubai to consolidate the distinguished development model it is pursuing in its comprehensive development process based on economic openness, and building long-term partnerships with leading international institutions, especially within vital sectors. His Highness pointed to the prosperity witnessed by various economic sectors in the UAE in light of an advanced, flexible and supportive legislative and regulatory environment. To grow investments and ensure their sustainability.
The great potential that the UAE and Dubai enjoy in the field of tourism was reviewed thanks to the world-class infrastructure, the diversity of the tourism product and the natural environmental components, which are the elements that qualified it to be among the prominent global tourist destinations, with reference to the record it achieved in the number of international visitors during the year 2025, which reached 19.59 million visitors.
The meeting also discussed opportunities to expand qualitative investments in the UAE in line with its great ambitions for the future of sustainable development, including continuing to diversify sources of income and expand, as well as the opportunities that Dubai creates for investors through the enablers and incentives it provides in light of the goals of its D33 economic agenda, towards consolidating its position as a leading global center for tourism, investment and innovation.
The meeting was attended by His Excellency Mohammed Abdullah Al Gergawi, Minister of Cabinet Affairs, His Excellency Mohammed bin Hadi Al Husseini, Minister of State for Financial Affairs, His Excellency Helal Saeed Al Marri, Director General of the Department of Economy and Tourism in Dubai, His Excellency Hisham Al Qasim, Vice Chairman and Managing Director of the Emirates NBD Bank Group, and His Excellency Issam Kazim, Executive Director of the Dubai Corporation for Tourism and Commerce Marketing.
It is noteworthy that the Hong Kong and Shanghai Hotel Group is a leading group in the field of luxury hospitality and real estate. It was founded in 1866 and owns and operates a number of the finest hotels in the world under the “The Peninsula” brand in Asia, Europe, and the United States. The total value of the assets owned by the group is estimated at approximately 55.9 billion Hong Kong dollars. CLP is one of the largest energy companies in the Asia-Pacific region, and its investments are spread in Hong Kong, China, Australia, India, and Taiwan. and Thailand, providing its services to approximately 5.2 million customers in those markets.
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