Dubai considered 'safe haven' for investors

07/04/2011 - Dubai Investment News Posted by Neil King
Dubai considered 'safe haven' for investors
Dubai is now considered a safe haven for investors, according to one expert.Viswanathan Shankar, chief executive officer of Standard Chartered's Middle East, Africa, Europe and Americas divisions, has claimed that investors now view the emirate as a secure option.The expert explained that recent events in other countries across the Middle East and North Africa including Egypt and Libya have boosted Dubai's reputation by comparison.He claimed that is "no bad thing" that Dubai's problems took place in 2009, adding: "Today, that looks like history and today Dubai looks more like a safe haven."The comments come as a report by HSBC described the UAE as one of the natural business hubs of the Middle East.Simon Williams, an economist at HSBC Holdings, added: "The UAE and Qatar are the only places that have not seen any form of protests and I think it does strengthen the argument of the UAE and Dubai in particular being the natural hub for businesses working across the Middle East."