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Giant UAE-based company eyes to bring new businesses to PH

A giant international company headquartered in the United Arab Emirates (UAE) shared interest in bringing its businesses to the Philippines.

Mohammed Khammas, CEO of the Al Ahli Holding Group (AAHG), told the Philippine Star in an interview that the Philippines is an attractive destination for investment among foreign conglomerates.

“We’re into infrastructure, retail, consumer, real estate, social media, entertainment and events. These are the kinds of things we want to expand into and bring over here…The Philippines is a stable market. The Philippines isn’t volatile at all and quite tested no matter how hard the times get,” The Philippine Star has quoted Khammas in the Asia Pop Comincon Manila.

The conglomerate currently holds the exclusive largest franchise rights to US-based Gold’s Gym International in the MENA region. It has also established Al Ahli Plastics, one of Middle East’s largest plastic manufacturing companies.

The company is also building a Fox-branded theme park and resort in Dubai and has strategic alliances with Fox Studios, Marvel-Disney, Sony Pictures Warner Bros and other leading Hollywood studios across its multi-entertainment based platforms, said the report.

Khammas also said in the report that AAHG wants to bring innovative businesses that are yet to be introduced in the country.

“The (Philippine) government is now very committed to foreign investments so we’re looking heavily at different possibilities on how we can contribute and put something that is not yet here,” Khammas said.

AAHG brought the recently concluded Asia Pop Comicon Manila, the largest pop culture convention in the Asian region. Khammas said that their group chose the Philippines as the host country for the event because of the Filipino’s wide interest for pop culture.

Source: Philippine Star

Photo credit: Al Ahli Holding Group

RELATED Pop-culture festival PopCon to make UAE debut in Dubai https://filipinotimes.net/news/2016/07/27/pop-culture-festival-popcon-to-make-uae-debut-in-dubai/

RELATED Serious inquiries at Ph trade mission in Dubai

https://filipinotimes.net/news/2017/02/16/serious-inquiries-at-ph-trade-mission-in-dubai/

 

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