UAE Dubai Investment And Tourism Ties Strengthened As Maktoum Meets CLP Holdings And The Hongkong And Shanghai Hotels Limited
H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum met Sir Michael Kadoorie in Nad Al Sheba to discuss investment cooperation. The talks covered tourism, energy and hospitality, reflecting Dubai’s drive to deepen global partnerships. The meeting formed part of wider efforts to support economic diversification and long-term international capital inflows into the UAE.
Sheikh Maktoum reaffirmed that the UAE and Dubai pursue a model based on economic openness and stable global ties. Sheikh Maktoum noted that national growth spans many key sectors. A progressive legislative and regulatory environment supports new investments, while also protecting business continuity and long-term sustainability for local and foreign stakeholders.
The discussions stressed Dubai’s tourism strengths, including advanced infrastructure, a wide mix of attractions and strong air links. Natural assets and established hospitality offerings help draw visitors across seasons. Officials noted that the emirate welcomed 19.59 million international visitors in 2025, which marked a historic high for Dubai’s tourism performance.
The Hongkong and Shanghai Hotels Limited and CLP Holdings were also reviewed as strategic partners. The Hongkong and Shanghai Hotels Limited, founded in 1866, owns and runs The Peninsula hotels in Asia, Europe and the United States. Its balance sheet shows total assets of HKD 55.9 billion. CLP Holdings ranks among the largest energy companies in Asia Pacific, supplying power to about 5.2 million customers.
| Company | Sector | Key Assets / Scale |
|---|---|---|
| The Hongkong and Shanghai Hotels Limited | Hospitality | Owner-operator of The Peninsula hotels, assets of HKD 55.9 billion |
| CLP Holdings | Energy | Serves about 5.2 million customers across Asia Pacific |
The meeting drew senior UAE officials from government and business. Attendees included Mohammad Abdullah Al Gergawi, Minister of Cabinet Affairs, and Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs. Helal Saeed Almarri, Hesham Abdulla Al Qassim and Issam Kazim also joined, representing Dubai’s economy, banking and tourism entities.
Participants examined options to widen high-quality investments that match the UAE’s diversification agenda. They linked these plans with the Dubai Economic Agenda D33, which aims to entrench the emirate’s role as a global hub. Tourism, investment and innovation were highlighted as core pillars, with emphasis on partnerships that support sustainable and inclusive economic growth.
The engagement between Sheikh Maktoum and Sir Michael Kadoorie underlined how Dubai seeks long-term alliances with international groups in energy and hospitality. The focus on regulation, tourism capacity and D33 targets showed alignment between policy and investor interests. These talks reinforced Dubai’s ambition to strengthen its position as a centre for tourism and capital across global markets.
With inputs from WAM
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