Dubai's Al Habtoor Group to sell all assets and investments in Lebanon

Dubai-based Al Habtoor Group has announced plans to sell all of its assets and investments worth billions in Lebanon, including hotels, commercial and residential properties and land. The decision, approved by the group's board of directors, indicates a complete withdrawal from a market where the company has invested since the late 1990s.

The group's Lebanese investments were valued in the billions, though precise figures were not disclosed due to ongoing negotiations with potential investors and buyers. The sale will be conducted through a structured process, with each asset evaluated independently and transactions determined by market conditions and fair valuations.

This strategic move aims to protect the group's interests and promote responsible capital allocation. Al Habtoor Group has maintained a presence in Lebanon for over two decades despite the country's successive economic crises and political instability. The company said it will now focus on markets offering stronger long-term growth prospects and a clearer investment environment.