Amid conflicting reports, Dubai prince reaffirms plans to open family office in Hong Kong

Marcus Baram
Author Marcus Baram

Marcus Baram is a contributing editor at Crain Currency, where he covers the intersection of finance and politics. Prior to joining Crain Currency, Baram was a staff writer at Fast Company and an editor at Huff Post. He has also written for outlets such as The New York Times, The Atlantic, and Vice. Baram is an expert on economic policy and has a deep understanding of the ways in which politics shapes the global financial system. In his role at Crain Currency, he brings a unique perspective to the complex and ever-evolving world of finance. With his keen analysis and clear writing, Baram helps readers make sense of the important issues impacting the economy today.

Apr 01, 2024
9 months ago
Sheikh Ali Al Maktoum
Credit: BLOOMBERG

In his third statement in four days, Sheikh Ali Rashed Ali Saeed Al Maktoum reaffirmed a plan to open his $500 million family office in Hong Kong. 

According to several news reports last week, the Dubai prince was halting those plans.

But in the latest statement, Maktoum reiterated that the original plans will continue, yet said the opening ceremony has been postponed until the end of May.

The family office will “proceed as planned,” said CEO Eleanor Jane Mak.

Marcus Baram
Author Marcus Baram

Marcus Baram is a contributing editor at Crain Currency, where he covers the intersection of finance and politics. Prior to joining Crain Currency, Baram was a staff writer at Fast Company and an editor at Huff Post. He has also written for outlets such as The New York Times, The Atlantic, and Vice. Baram is an expert on economic policy and has a deep understanding of the ways in which politics shapes the global financial system. In his role at Crain Currency, he brings a unique perspective to the complex and ever-evolving world of finance. With his keen analysis and clear writing, Baram helps readers make sense of the important issues impacting the economy today.