Project finance: Abu Dhabi taps its own funds

Although the oil-rich emirate does not need other people’s money to finance big-ticket projects, it has shown an increasing appetite for project finance, reports Mark Ford in Abu Dhabi.

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.

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