ArabianBusiness.com - Middle East Business News
Monday, 09 November 2009 06:20 UAE time
 
49#  Rashid Al Habtoor  - picture not available
49# Rashid Al Habtoor

Net Worth: US$ 550 Million
Country of Residence: United Arab Emirates
Industry: Real Estate
Companies: Al Habtoor Group
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Rashid Al Habtoor has been working so hard to prove his name as an independent businessman away from his fathers dominion, Khalaf Al Habtoor. Having realised the high potential in the evolving Mid Eastern market, especially after the collapse of the former Soviet Union in the nineties, he took on the challenge to solo dig his own path in business. Rashid seems to be doing a good job expanding his enterprises.

His company has signed a US$1.9bn real estate development contract in Pakistan recently.
 

 
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Gitex 2009