Dubai: DI eyes Angola and Riyadh investment in growth strategy
Issue 992
- 08 May 2015
| 1 minute read
Dubai Investments (DI), 11.5%-owned by Investment Corporation of Dubai and the largest investment company listed on the Dubai Financial Market (DFM), is looking to invest in oil-rich Angola and has paid around $400m for land in Saudi Arabia, as it internationalises its growth strategy. Announcing plans to float shares in at least one of its subsidiaries in 2016, chief executive Khalid Bin Kalban told reporters in mid-March that the company wanted to build industrial zones in Angola and Riyadh, modelled on its flagship Dubai Investments Park.
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