Khalaf Al Habtoor, Founder and Chairman of the Al Habtoor Group, has declared the cancellation of all investment projects in Lebanon due to the country's current situation. Al Habtoor announced the sale of his assets and investments in Lebanon, as well as a decision to avoid traveling to the country for himself, his family, and the group's executives.
"These decisions were not made lightly but came after thorough analysis and a deep review of the ongoing situation in Lebanon," Al Habtoor stated. "After consulting with the Board of Directors of the Al Habtoor Group, I have made a painful decision that I never wanted to reach. However, the prevailing circumstances in Lebanon—marked by a lack of security, stability, and any foreseeable improvement—have compelled us to take this step."
