Dubai ruler's nephew Sheikh Ali Al Maktoum plans to open a $500m family office in Hong Kong, marking the city's first response to its campaign for foreign capital.
Sheikh Ali Al Maktoum, Dubai ruler's nephew, plans to open a $500m family office in Hong Kong, marking the city's first high-profile international investment response to its campaign to attract foreign capital. The office will focus on sectors like AI, construction, EVs, tourism, and fintech. Hong Kong aims to persuade over 200 family offices with HK$240m ($31m) in assets to establish or expand operations by end-2025.
March 18, 2024
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