The nephew of Dubai chiefs, Sheikh Mohammed Bin Rashid Al Maktoum (Sheikh Ali Al Maktoum),A family office that manages up to 500 million US dollars (about S $ 669 million) will be opened in Hong Kong.

According to Bloomberg Society on Monday (March 18), Xiech Ali is one of the first well -known international investors to attract foreign investment plans in Hong Kong.

Eleanor Mak, the company's chief executive, said in an interview with Bloomberg TV that the family office will manage up to $ 500 million in funds, looking for artificial intelligence, construction, electric vehicles, tourism and fintech in AsiaOpportunities in areas.

She said that Hong Kong is the first stronghold in the family office overseas and has begun to negotiate with potential target companies.

Shech Ali said in an interview that Hong Kong is very advanced in many aspects. It can provide many opportunities in terms of investment opportunities and business expansion, and has the potential to grow long -term growth.

A market research conducted by Deloitte estimates that there are more than 2,700 family offices in Hong Kong.Hong Kong Chief Executive Li Jiachao set a target in 2022. Before the end of 2025, it will attract a family office of not less than 200 HK $ 240 million (about $ 41 million) to open a business department or expand business in Hong Kong.

Li Jiachao led the SAR delegation to visit Saudi Arabia and the United Arab Emirates in February last year to strengthen connection in the fields of trade, investment, and culture.