Posted by Neil King
The Dubai government is currently preparing for a special investor roadshow in Asia, it has been revealed.
According to Dow Jones Newswires, Dubai's department of finance has stated that it will conduct "a series of non-deal fixed-income investor meetings" on the continent, beginning on August 26th.
In an emailed statement, the department confirmed that the roadshow is in line with the Dubai government's strategy to provide regular updates to both existing and prospective fixed-income investors from around the world regarding the emirate's economy.
It follows meetings with European investors in June this year.
HSBC and Mitsubishi UFJ Securities International will arrange meetings on behalf of Dubai's department of finance, with the roadshow due to visit Hong Kong on August 27th followed by Singapore, Dow Jones said.
Meanwhile, it was revealed this week that the Dubai Multi Commodities Centre Authority, a free zone authority focused on enhancing trade flows through Dubai, has signed a memorandum of cooperation with Bank of Baroda, India's third-largest bank.