Exclusive | Dubai prince’s Hong Kong office will not open in foreseeable future: emirate representative
- Protocol unit for Sheikh Ali Al Maktoum confirms family office opening, postponed from March to May or June, will not now take place
A Dubai prince will not establish a business presence in Hong Kong “in the foreseen future” after a months-long controversy over his pledge to set up a US$500 million family office in the city, the Post has learned.
But the Dubai-based family office of Sheikh Ali Rashed Ali Saeed Al Maktoum told the Post on Monday that it was still interested in exploring business ventures in the region.
“The family office of Sheikh Ali Al Maktoum will not be opening a branch nor a representation office in Hong Kong in the foreseen future,” the protocol unit of the Sheikh’s office said in response to a Post inquiry.
“However, our interest in exploring business ventures and opportunities in Hong Kong, mainland China, and Southeast Asia remains strong.
“The office is dedicated to enhancing relationships in these regions through business partnerships.”
The representative did not explain why the prince had changed his mind about opening an office in Hong Kong.