Dubai tells global bankers to expect another boom | Reuters

Dubai tells global bankers to expect another boom | Reuters:



"* First big investor roadshow since 2009 debt crisis



* Dubai needs international financial support for growth plans



* Officials say pre-crisis boom was successful overall



* Promise more careful management of risks in next boom



* Growing optimism towards Dubai World debt maturities



By Mirna Sleiman

LONDON, April 7 (Reuters) - Dubai told international bankers on Monday that it was gearing up for another boom and did not regret the pro-growth policies which brought it to the brink of default five years ago. It appeared to win the endorsement of many of the bankers.



Over a dozen top Dubai officials and executives met about 100 representatives of financial powerhouses including Deutsche Bank, Nomura Holdings and Fidelity Investments for the emirate's first big investor roadshow since the crisis.



"If Dubai had to do the same again, most likely we would follow the same approach," Mohammed al-Shaibani, chief executive of sovereign wealth fund Investment Corp of Dubai, told the audience at Deutsche Bank's London offices."



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