More on sovereign wealth funds
A PROJECT IS under way to turn a quiet little town into one of the world’s most famous capital cities.
Sitting atop immense oil and capital reserves, Abu Dhabi is already cementing its position as a financial powerhouse. Its recent $7.5 billion lifeline to Citi demonstrated that.
With huge financial muscle behind it, Abu Dhabi is no longer content to play the sleepy neighbour to Dubai. Nor is it content to quietly invest and reinvest abroad in small stakes of equity, real estate and debt. It wants to concentrate more on putting its resources to use at home; and it wants others to help it do so.
"In America, when you say you’re from Abu Dhabi, almost nobody has heard of it," says an Abu Dhabi businessman. "But when you say you’re from somewhere near to Dubai, people’s faces light up."...
You do not currently have access to this content. To gain access visit the subscription page or call our hotline on +44 (0)207 779 8999.
If you are a trialist or subscriber, please enter your username and password at the top right-hand side of euromoney.com
Subscribers to Euromoney benefit from:
Level 1:
- Online access to the past 12 months content
- Tailored RSS news feeds direct to your desktop
- News delivered directly to your mobile device or PC
- Personalised email newsfeed of 'Top stories' and 'Breaking news'
Level 2:
- Exclusive access to euromoney.com - Read the latest issue early online, search for specific developments by region or sector, interrogate the results of Euromoney's benchmark polls, and view the archive dating back to 2000
- 12 monthly issues of Euromoney magazine
- More than 30 specialist research guides free
- The results of Euromoney’s polls and surveys
- Tailored RSS news feeds direct to your desktop
- News delivered directly to your mobile device or PC
- Personalised email newsfeed of 'Top stories' and 'Breaking news'
Click here to subscribe