Middle East still attractive to western investors

03/02/2010 - Dubai Investment News
Middle East still attractive to western investors
Posted by Neil King

The Middle East has held onto its reputation as an excellent place for Western investors to do business.

According to The National Investor (TNI), the Middle East is still one of the "most attractive regions" to investors despite the recent economic turmoil and Dubai's debt crisis.

Walid Hayeck, director and head of asset management at TNI, told Arabian Business: "[The Middle East] looks like one of the most attractive regions in the world at this point in time."

"This region has very strong demographics and it has shown high growth of GDP per capita throughout the last decade and this is going to continue," he added.

Hayeck concluded that governments in the region have substantial amounts of cash set aside to invest in infrastructure projects, which will continue to drive domestic demand.

His comments follow an announcement from Furat Ali Al Amri, acting director of commercial transport activities at Dubai's Road and Transport Authority, in which he said the organisation will expand its operations in the region by targeting business and corporate customers.ADNFCR-2019-ID-19595963-ADNFCR