Dubai’s bid for greater transparency and disclosure will help the emirate maintain its place as the region’s financial centre even as it deals with a US$85 billion (Dh312.2bn) debt load, a leading emerging markets investor has said.
“We think Dubai will continue to lead the move toward greater disclosure, more transparency and a boom in tourism and knowledge industries,” said Mark Mobius, the executive chairman of Franklin Templeton Investments, a US asset management firm with $33bn under management.
“Of course there are hiccups and problems along the way, but I think the environment is very good for investors.”
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