2024-10-15 08:06:00
The founder of the Emaar Properties group, the company behind flagship projects such as the Burj Khalifa in Dubai, Mohamed Alabbar, a longtime friend of the Malagasy head of state, is in Madagascar. The President of the Republic, Andry Rajoelina, received him at the Iavoloha Palace yesterday. This meeting is part of the Big Island’s efforts to attract strategic investments in the real estate, hotel and agro-industry sectors.
During the discussion, the two sides discussed several key areas of investment including real estate and hospitality, agribusiness, infrastructure and energy. The Founder of Emaar Properties confirmed that Madagascar has huge potential in the development of large-scale tourism projects.
« We operate over 100 hotels worldwide and have the experience to attract high quality international clients », specified Mohamed Albabar. This famous investor has also shown great interest in the field of agriculture, especially the cultivation of sugar cane, rice and other crops, drawing on the expertise of his group, a leader in the food sector in the Middle East. He also mentioned possibilities for partnerships in the construction of road infrastructure and the development of solar energy, one of the pillars of his group.
President Rajoelina expressed that the presence of an investor of this size is an honor for Madagascar and that it is a unique opportunity to encourage change in strategic sectors such as agriculture and tourism. He also mentioned the importance of the arrival of Emirates flights connecting Dubai with Antananarivo, which requires the development of a modern hotel infrastructure to support this dynamic. ” Through all these efforts, we hope to change the country sustainably “, he argued.
On his Facebook page, the Malagasy head of state praised in particular the achievements of this group in Dubai such as the Burj Khalifa, the Dubai Mall and Dubai Marina, as if he expected the transformation of Madagascar into a real paradise island with this contribution. Emirati investor.
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