Tuesday, February 11, 2014

United Arab Emirates Sheikh Al Habtoor

Let me tell you a story about Sheikh Khalaf Ahmad Al Habtoor.


Sheikh Khalaf Ahmad Al Habtoor, lives in the United Arab Emirates. He is head of the third wealthiest family in the UAE. He is the founder and chairman of the Al Habtoor Group, one of the most successful conglomerates in the Gulf. In 1970, he established his own construction company, Al Habtoor Engineering, which later became the Al Habtoor Group. This company now has its hand in many different businesses across the globe which include construction, real estate, car dealerships, car rentals, publishing, insurance, educational establishments and luxury hotels. For more info see: The Al Habtoor group’s website, The Al Habtoor Group Corporate Video, and Khalaf Al Habtoor’s own website.

To give you a taste of the wealth of Al Habtoor and his company, I will repeat what was announced during Sensation 2014. The last business transaction he made before speaking to the audience at Sensation was the equivalent of 50 billion US dollars! That is Billion with a B, paid in cash, of course… Since being told about Lyoness he has decided not only to put his name and reputation on the line but to Sponsor Lyoness. Additionally he has said that all 600+ of his businesses will be Lyoness merchants to the extent they are able.

Let me tell you what it means to Sponsor a business in the UAE. A sponsor is accountable for anything (good or bad) that happens with the company they sponsor. It is similar to cosigning on a car. Before committing to sponsor a business one must make sure that the company being sponsored is above reproach because if they are not, then the sponsor is liable.


When Dubai and the rest of the United Arab Emirates launches later this summer, Lyoness members around the world will benefit from this influx of new business.