November 21, 2008

Dubai International Capital to invest in India

Dubai International Capital has announced that it is planning to make big acquisitions in India, adding to the USD 1 billion already invested in India.

Mr Sameer Al Ansari executive chairman & CEO of Dubai International Capital said that "We have big deals in the pipeline. We are very actively looking at more things in India." He added that areas of interest include petrochemicals, oil and gas, tourism and travel.

Mr Ansari said that Dubai International Capital, which is owned by Sheikh Mohammed bin Rashid al Maktoum, aims to increase the value of assets it manages in India, China and Japan to USD 5 billion within 2 to 3 years and in the Middle East and North Africa to a similar amount from USD 1.5 billion.

He added that "In the region, every sector has huge opportunities because of the demographics, young population and growth."