First Gulf bank offers long-term hedge
By Mark Ford
ABU DHABI’S growing wealth – both of its government and its people – has given the emirate a problem. Not content with returns from cash deposits, nor are they so keen on investments overseas since 9/11 changed the political picture in the Gulf for good. It is time to invest close to home, and a progressive new leadership with positive attitudes towards economic diversification and commercial participation is making the wealthiest member of the United Arab Emirates a land of project opportunities.
Flagship projects such as the massive real estate developments at Al-Raha beach and Al-Reem island, two industrial cities emerging near the UAE’s capital city, and ambitious expansion plans in the upstream and downstream oil and gas sectors are attracting the attention of project finance specialists. They caution, however, that Abu Dhabi is no ordinary investment location.
“A whole...
