Vice chairman: Istithmar World to seek opportunities worldwide, including in US
Posted by Editor on May 23, 2008 at 07:01 AM
Khaleej Times reports that, “Istithmar World, the investment arm of Dubai World, yesterday reiterated that it will continue its global approach to investment, seeking opportunities across a diverse range of sectors in international markets, including the United States.”
The article quotes Adel Al Shirawi, Istithmar’s vice chairman, as saying that, “Istithmar World’s primary focus is growth and asset appreciation through a diverse portfolio which spans the globe. Going forward, we will continue to seek opportunities worldwide, including in the United States, where we already have an active asset base. The US continues to offer good returns and attractive opportunities with a diversified sector base and excellent leveraging.”
This comes a few days after Istithmar’s CEO, Ahmed bin Fahad, was quoted as saying that, “I am looking at everywhere but the US.”
Istithmar chief: 'I am looking at everywhere but the US'
Posted by Editor on May 19, 2008 at 06:41 AM
Emirates Business reports that, “Dubai government investment agency Istithmar World Ventures has been ‘put off’ looking for deals in the US and instead will seek new opportunities in Africa and the Far East, according to its CEO.”
The article quotes Ahmed bin Fahad as telling Arabian Business magazine on the sidelines of the World Economic Forum (WEF) meeting in Sharm el Sheikh, Egypt, that, “I am looking at everywhere but the US.”