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S'pore property tycoons setting up family office in Abu Dhabi
The Straits Times
|December 11, 2024
Mr Raj Kumar and Mr Kishin R.K., the father-and-son duo behind one of Singapore's biggest property portfolios, are setting up a family office in Abu Dhabi, joining a growing list of rich people helping to cement the Middle East's status as a haven for the super wealthy.
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The entity will be called RB Family Office and will be located in Abu Dhabi Global Market, a free zone located on Al Maryah Island in the United Arab Emirates' (UAE) capital, Mr Kishin said in an interview with Bloomberg News.
"We chose Abu Dhabi because it's strategically located and has an internationally recognised legal framework," Mr Kishin said. "A family office in Abu Dhabi is a way to establish our presence and allows us to expand our investments in the UAE and the Middle East."
Esta historia es de la edición December 11, 2024 de The Straits Times.
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