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Dubai's Habtoor Group to sell stake in Leighton JV

The family-owned conglomerate hopes to focus on its fully-owned core businesses, such as hotels and real estate, after selling its stake in Habtoor Leighton Group

Khalaf al-Habtoor, chairman, Al Habtoor Group.
Khalaf al-Habtoor, chairman, Al Habtoor Group.

Dubai's Al Habtoor Group intends to sell its stake in the Habtoor Leighton Group joint venture, it has been revealed. 

The family-owned conglomerate will focus on its core businesses following the sale, chairman Khalaf al-Habtoor said, according to Reuters.

Al-Habtoor reportedly told al-Arabiya that several international and regional companies are interested in buying the stake. 

The joint venture's co-owner is Australian construction firm, CIMIC Group. 

Habtoor Group will focus on 100% owned assets, such as hotels, real estate, and schools, al-Habtoor added according to the report. 

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