Tuesday 29 December 2009

Dubai hires consultants to woo investors

The Gulf emirate of Dubai has hired foreign consultants to attract more investments after its reputation was hit following the shock announcements of debt repayment problems at its flagship companies.

Dubai's Foreign Investment Office signed an agreement with consultants A.T. Kearney and its affiliated think-tank Global Business Policy Council, according to a joint statement on Tuesday.

The partners gave no details, saying only they wanted to develop "new policy tools".

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