Sunday 29 June 2014

Five factors that can shore up debt markets in Dubai | The National

Five factors that can shore up debt markets in Dubai | The National:



"It is six years away, but already Expo 2020 is stimulating increased economic activity across Dubai. To anyone living and working in Dubai, the signs are apparent. Investment in infrastructure in advance of the Expo is already helping to accelerate Dubai’s resurgence as a regional trade hub and as a magnet for regional capital.



However, it is unlikely that Expo 2020 alone will drive the much-needed development of the local debt markets. Even though spending on new projects and initiatives to service the projected influx of visitors could require the issuance of high-yielding bonds, and even though limited funding from the debt markets is already under way, the Expo will not be the principal driver for the bond markets over the next couple of years.



Instead, five other factors will be central."



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