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Istithmar World Vice Chairman outlines investment strategy

Thu, 22 May 2008 02:26 PM
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Istithmar World Vice Chairman outlines investment strategy
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<P class=MsoBodyText style="MARGIN: 0cm 0cm 0pt"><FONT face=Arial>Istithmar World, the investment arm of Dubai World, today reiterated that it will continue its global approach to investment, seeking opportunities across a diverse range of sectors in international markets, including the <?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" /><st1:country-region w:st="on"><st1:place w:st="on">United States</st1:place></st1:country-region>.</FONT></P><br/><P class=MsoBodyText style="MARGIN: 0cm 0cm 0pt"><?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o:p><FONT face=Arial>&nbsp;</FONT></o:p></P><br/><P class=MsoBodyText style="MARGIN: 0cm 0cm 0pt"><FONT face=Arial>Restating the group’s commitment to identifying world-class businesses for investment, Adel Al Shirawi, Vice Chairman of Istithmar World, said: “<SPAN lang=EN style="mso-ansi-language: EN">Istithmar World’s primary focus is growth and asset appreciation through a diverse portfolio which spans the globe. Going forward, we will continue to seek opportunities worldwide, including in the <st1:place w:st="on"><st1:country-region w:st="on">United States</st1:country-region></st1:place>, where we already have an active asset base. The <st1:country-region w:st="on"><st1:place w:st="on">US</st1:place></st1:country-region> continues to offer good returns and attractive opportunities with a diversified sector base and excellent leveraging. <o:p></o:p></SPAN></FONT></P>
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