Dubai eyes US shores

Dubai government’s finance and investment body Dubai International Financial Centre (DIFC) is eyeing US real estate companies. Dubai International Financial Centre is considering investment in American real estate as a golden opportunity in the wake of ongoing mortgage crisis in US real estate. In addition to real estate, DIFC is also planning to vest in US oil, gas and telecom sectors.

The mortgage crisis being experienced by US economy has made the share value of US plunge. This in turn has created a situation wherein investing in US real estate and other industries is has become cheaper.

Dubai’s US Connection Lately

2006 saw Dubai government-run Dubai Ports World (DPW) facing tough resistance from US political front on security grounds. So much so that Dubai Ports World had to sell recently-acquired ports operations in the US.

Dubai Ports World had acquired ports operations at 6 ports in the US but following objections from US politicians, had to sell them to US insurance company AIG.

What does future behold?

Dubai International Financial Centre is optimistic about investment opportunities on US shores. Early this year, DIFC got hold of 2 billion worth 2.2 percent stake in Deutsche Bank.

A Little About Dubai International Financial Centre

Dubai government’s DIFC offers standard regulations to capital investors in the UAE. Investors can hope to have efficient and transparent investment opportunities.

A few salient features offered by DIFC:

• Foreign ownership

• Zero percent tax rate

• No restriction on foreign exchange

• World class rules and regulations

• Transparent operations