Dubai royal family looks to investment opportunities in Portugal

Sheik Mohammed bin Maktoum Bin Juma Al Maktoum began a visit to Portugal on Sunday (5 December) looking out for business opportunities.

In the process of building a new company in Portugal, Aquila in Porto, the sheikh told the news agency Lusa: “We are in the process of setting our new company Aquila, which will be based in Porto”, said the president of the MBM Group, the investment holding of the Dubai royal family.
While in Portugal the sheik will meet with the group’s Portuguese business partner, Carla Maia who told Lusa: “We’re also setting up an office in Dubai to support the growth and investment opportunities that we’re exploring”, she said.
Asked if he was looking for new investments in Portugal, Makthoum Bin Juma Al Maktoum affirmed he was. “Portugal is a stimulating country and market and we see some interesting opportunities”, he added, saying he hoped to bring in the kind of business in which he has invested all over the world.
And while the holding does not focus on one specific sector, it has a series of interesting projects, including but not limited to green technology, health technology and opportunities in residential, commercial and industrial real estate”.
Dubai is considered an important hub for Portugal and the emirate intends to strengthen ties between the two regions.
“I think there is huge potential for Portuguese companies in the United Arab Emirates and the Middle East”.
“Moreover, Portugal is known as a country for its top quality. We have created Aquila with the idea of supporting Portuguese companies in their quest to expand in our market,” he said.