‘BRIC brings more capital into UAE’ | Economy | Saudi Gazette:
"A leading investment firm operating in the Middle East said that there has been a significant increase in capital inflows into the UAE from emerging markets, particularly the BRIC countries (Brazil, China, India and Russia), overtaking the Mena (Middle East and North Africa) region.
Hamed Mokhtar, Managing Director at Fortress Investments, said “the UAE is becoming more important on a global scale, in addition to emerging as an unparalleled investment hotspot. The capital invested in the UAE from Mena region is more in the form of individual property assets, whereas the UAE’s role in attracting capital flow from BRIC countries is the result of progressive government measures and global partnerships.”
He added “India commands the lion’s share of BRIC capital coming into the country. The UAE is a net importer of capital mainly from emerging markets and regional markets, where capital inflow from developed markets is low.”"
'via Blog this'
No comments:
Post a Comment