Complex Made Simple

Al Habtoor Group owed over $1bn by clients

Khalaf al Habtoor, chairman of Al Habtoor Group, one of the UAE's largest family businesses, has said the group is owed more than Dhs4bn ($1.08bn) for work long since finished, The National has reported. The group built a number of hospitals, schools and hotels around the country. "Most of [the clients] have the money. I don't know why they don't pay," he said. "There are only promises and no results on that promise. One day, if they don't pay we will have no choice but to take it to arbitration. What can we do? We need billions."