Hungary is a land of opportunity for investors according to Khalaf Ahmad Al-Habtoor
Khalaf Ahmad Al-Habtoor is a prominent UAE businessman and public figure.
Since I started investing in Budapest with my acquisition of Le Meridien Budapest in 2012 (now the Ritz-Carlton), everyone I met, from top government oficials to ordinary folk, made me feel welcome and appreciated. Hungarians are friendly, hardworking, respectful and genuinely helpful. They are a proud people and are eager to do everything in their power to place their country high on the global investment and tourism map.
I have never met a single person in Budapest, whether Hungarian, foreign resident or investor, who has anything to complain about. They seem to know where the country is coming from and where it is going. I love Hungarians’ positivity and enthusiasm. Like us Emiratis, they place great importance on maintaining close family ties.
Despite the toll the virus has taken on the economy, the nation’s central bank still predicts modest growth this year, while a strong recovery is anticipated next year thanks in part to foreign direct investment encouraged by Hungary’s pro-business, low-tax climate.
Located in the heart of Central Europe, Hungary presents investors with great opportunities with substantial returns. The economy is stable and growing. The government is working hard to create jobs and open up the nation to the world.
I consider Hungary to be one of the world’s most attractive investment destinations, offering great tourist potential. Budapest is one of the cleanest and most beautifully landscaped cities in Europe. For me, the country represents the perfect combination of enlightened strong leadership, friendly people, a rich history, amazing architecture, nature’s blessings, good weather, diverse cultural, entertainment and sporting events, and — last but not least — a delicious, spicy cuisine that, apart from the famous Hungarian goulash, has largely gone unrecognized.
History buffs know that Hungary has a rich and fascinating history on a par with Britain, France and Austria. And Budapest — a green and peaceful city, through which the Danube meanders — is peppered with historic monuments. Whenever I drive around the country, it is often a voyage of discovery; there are so many interesting places begging to be investigated.