Dubai Investments PJSC [DI] has announced that Dubai Investments International – its wholly-owned subsidiary targeting overseas expansion, is currently tapping into business opportunities in Africa and Asia.
As a first step in scaling up its overseas operations, DI International is targeting investments, joint ventures and strategic partnerships across Africa and Asia, and also eyeing commercial projects in some Middle Eastern countries.
The company is also in advanced stages of negotiations with prospective business partners in Libya and Erbil in Kurdistan, Iraq to build an industrial, commercial and residential business park similar to Dubai Investments Park [DIP] and replicating the business model in the respective countries.
DI International is also working closely with relevant government authorities to attract investments as also international companies to set up industrial units within these business parks.
Mr. Khalid Bin Kalban, Managing Director and CEO of Dubai Investments PJSC, said:
“The setting up of Dubai Investments International was the first step in our strategy to expand our global footprint in key markets. Our plans are in place and we are in advanced negotiations with leading strategic players on investment opportunities across diversified sectors in the existing and new geographical locations across the globe to consolidate our position as an important international player. We are now in the process of setting up agencies and representative offices across strategic markets.”
He added:
“We are also in advanced negotiations to replicate the successful business model of DIP and have already received invitations from different countries. We will use our expertise, business plans, and networking tools to build similar facilities in other locations too.”
DI’s exports have surged over 129% per cent over the last five years, and the DI International’s aggressive growth plans will further leverage its global footprint in a big way. Guided by a global vision, the company is targeting investments in existing and new businesses in international markets, with particular focus on Gulf, Middle East and Africa.
DI International was launched in 2013, as part of DI strategy to catapult its international operations and reinforcing itself as a global conglomerate. The entity is mandated to build an international portfolio of diverse business assets across a wide spectrum of industries by leveraging on DI proven expertise, knowledge and business models to promote economic growth across the globe.
(Source: DI International)
