UAE lucrative destination for global investors, says CEO of Binghatti Holding

Inayat-ur-Rahman, Deputy Business Editor

The UAE is attracting global investors because of good infrastructure and Ease of Doing Business and establishing companies within the country or in free zones.

This was stated by Muhammad Bin Ghatti, CEO of Binghatti Holding, during an exclusive interview with Gulf Today, adding that the country has granted residencies of up to 10 years to investors, outstanding and experienced people, and has amended corporate ownership laws to allow 100% ownership by foreign investors.

"The UAE is also providing reasonable and low tax rates compared to other countries, and attractive banking facilities, whether in mortgage and other loans, in addition to developing a transportation network that makes the country a global financial hub served by major international airlines and a group of advanced airports," Bin Ghatti said.

He mentioned that Binghatti Hospitality focuses on providing world- class hospitality services across Dubai and the UAE.

“The main activities of the company are concentrated in food and beverage, facilities management, sales, marketing and e-commerce, finance, hotel management, procurement, human resources and information technology related to the hospitality industry.”

Bin Ghatti confirmed that there are plans for strategic expansion, especially in the UAE and KSA market, as the economic environment in the UAE provides the opportunity for growth in all sectors and attracts investors from all over the world.

Binhatti Hospitality, the hospitality arm of Binghatti Holding, has launched a new coffee brand ‘Wonderlast’, that has been added to their restaurants and cafes portfolio.

He pointed out that the total number of stores in the "Binghatti Hospitality" portfolio in the UAE has increased to 50 different stores, operating within the most prominent areas, commercial complexes and malls.