{"id":8134,"date":"2016-03-16T22:16:16","date_gmt":"2016-03-16T15:16:16","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=8134"},"modified":"2016-03-16T19:31:49","modified_gmt":"2016-03-16T12:31:49","slug":"kanoo-chairman-sees-opportunities-as-expo-2020-infrastructure-projects-start","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kanoo-chairman-sees-opportunities-as-expo-2020-infrastructure-projects-start\/","title":{"rendered":"Kanoo chairman sees opportunities as Expo 2020 infrastructure projects start"},"content":{"rendered":"


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\nThe Kanoo Group expects the start of infrastructure projects for the Expo 2020 to present business opportunities for the Abu Dhabi-based diverse business conglomerate amid the economic slowdown. The Expo 2020 Dubai is expected to attract 25 million visitors, about 70 per cent of them from overseas. The opening of Iran to international investors could also be a boon for business, said the company’s chairman, Mishal Kanoo.
\n“The only potential bright spot will be towards the end of this year, which is Dubai starting the infrastructure for 2020,” he said. “We have to see what happens with Iran because if Iran does start to open properly … Dubai will be the intermediary between international com\u00adpanies and the investors in Iran.”The Kanoo Group, which owns businesses from shipping to travel, is interested in being an intermediary between international companies and businesses in Iran and is particularly focused on opportunities in the oil and gas and infrastructure business.
\nThe UAE’s economy is to gain US$13 billion by the easing of sanctions on Iran amid rising trade between the countries, in the time frame from last year to 2018, the IMF said last year.That is equivalent to a 1 per cent gain in real GDP growth each year over the next two years, said the IMF. In 2013, Iran accounted for 12 per cent of the UAE’s non-oil exports, valued at $12bn that year. Most of this came as re-exports traded through Dubai’s Jebel Ali Port.
\nMr Kanoo expects the hospitality and logistics business to continue to grow in the UAE despite the economic slowdown. “I don’t see travel being affected negatively because people still travel,” said Mr Kanoo. “Logistics and shipping are not going to get worse and in fact it probably will increase with the number of planes and airports and all things booming in this region. The number of hotels also will increase.”
\nThe Institute of International Finance (IIF) expects the UAE’s growth this year to come in below IMF forecasts because of lower spending and low oil prices. The UAE economy is forecast to grow at 2.5 per cent this year, according to the IIF. The IMF, however, had UAE’s growth for this year at 2.6 per cent, compared with its October projection of 3.1 per cent growth.The Kanoo Group is also looking to snap up distressed assets as a weaker trading environment presents good acquisition opportunities.
\ndalsaadi@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…Kanoo chairman sees opportunities as Expo 2020 infrastructure projects start<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Kanoo Group expects the start of infrastructure projects for the Expo 2020 to...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-8134","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-27c","jetpack-related-posts":[{"id":160255,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bahrain-businessman-khalid-kanoo-dies-at-84\/","url_meta":{"origin":8134,"position":0},"title":"Bahrain businessman Khalid Kanoo dies at 84","date":"September 1, 2025","format":false,"excerpt":"\r Born in 1941, Khalid Kanoo belonged to one of Bahrain\u2019s most prominent merchant families\r \r Source : arabianbusiness.com\r Read more...Bahrain businessman Khalid Kanoo dies at 84","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2025\/09\/Bahrain-world-trade-centre-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":80427,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uaes-kanoo-group-eyes-high-end-hospitality-sector-with-jv-deal\/","url_meta":{"origin":8134,"position":1},"title":"UAE's Kanoo Group eyes high-end hospitality sector with JV deal","date":"February 19, 2018","format":false,"excerpt":"\r Company partners with French firm to create new event management and luxury hospitality staffing company\r \r Source : arabianbusiness.com\r Read more...UAE's Kanoo Group eyes high-end hospitality sector with JV deal","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":18178,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/expo-2020-projects-set-to-provide-timely-relief-for-dubais-contractors\/","url_meta":{"origin":8134,"position":2},"title":"Expo 2020 projects set to provide timely relief for Dubai's contractors","date":"June 30, 2016","format":false,"excerpt":"\r The award of the Dubai Metro extension contract is expected to be followed by a flurry of Expo 2020 contracts, providing much-needed relief for battered builders.The award of the Dh10.6 billion order comes as other major projects related to the expo also move forward. Reem Al Hashimy, the Minister\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":39103,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/meydan-raises-dh1-billionn-to-get-projects-moving-ahead-of-expo-2020\/","url_meta":{"origin":8134,"position":3},"title":"Meydan raises Dh1 billionn to get projects moving ahead of Expo 2020","date":"December 28, 2016","format":false,"excerpt":"\r The Dubai-based developer Meydan has raised Dh1 billion through a new Islamic financing facility and plans to use it to develop current and future projects, including Meydan One at Mohammed Bin Rashid City and its project on the banks of the extended Dubai Canal.The funding was arranged by Abu\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":39123,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/meydan-raises-dh1-billion-to-get-projects-moving-ahead-of-expo-2020\/","url_meta":{"origin":8134,"position":4},"title":"Meydan raises Dh1 billion to get projects moving ahead of Expo 2020","date":"December 28, 2016","format":false,"excerpt":"\r The Dubai-based developer Meydan has raised Dh1 billion through a new Islamic financing facility and plans to use it to develop current and future projects, including Meydan One at Mohammed Bin Rashid City and its project on the banks of the extended Dubai Canal.The funding was arranged by Abu\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9998,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubais-expo-2020-infrastructure-spending-to-boost-uae-construction-sector\/","url_meta":{"origin":8134,"position":5},"title":"Dubai's Expo 2020 infrastructure spending to boost UAE construction sector","date":"April 5, 2016","format":false,"excerpt":"\r \r The UAE's construction market remains on course to grow at a faster pace than its wider economy, fuelled by infrastructure spending in Dubai, according to one analyst.BMI Research is forecasting growth of 6.6 per cent for the UAE's construction market in 2016, considerably ahead of the IMF's forecast\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/8134"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=8134"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/8134\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=8134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=8134"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=8134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}