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Libya,United Arab Emirates : DUBAI INVESTMENTS unit eyes LIBYA and IRAQ business parks

May 20, 2014

A unit of Dubai Investments is in talks to set up business parks along the same lines as its Dubai Investment Park in Iraq and Libya.

A wholly-owned subsidiary of Dubai Investments, Dubai Investments International, is targeting overseas expansion and tapping into business opportunities currently in Asia and Africa.

In addition to strategic partnerships and joint ventures all over Asia and Africa, the company is eyeing commercial projects in some Middle Eastern nations.

The company said it is in advanced stages of negotiations with prospective business partners in Erbil and Libya in Kurdistan, Iraq to construct an commercial, industrial, and residential business park similar to Dubai Investments Park.

DI International added that it is working with relevant government authorities to pull in investments as also global companies to set up industrial units within these business parks.

Khalid Bin Kalban, CEO and managing director of Dubai Investments, said, "The setting up of Dubai Investments International was the first step in our strategy to expand our global footprint in key markets.Our plans are in place and we are in advanced negotiations with leading strategic players on investment opportunities across diversified sectors in the existing and new geographical locations across the globe to consolidate our position as an important international player. We are now in the process of setting up agencies and representative offices across strategic markets. We are also in advanced negotiations to replicate the successful business model of DIP and have already received invitations from different countries."

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Source: TendersInfo (India)

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