Abu Dhabi officials are meeting fixed-income investor in Asia this week, according to a banking source familiar with the matter.

HSBC has arranged the investor meetings in Hong Kong, Taipei and Singapore for the emirate, which controls about 6 per cent of the world’s proven oil reserves.

Abu Dhabi, however, will not be issuing a bond at the end of the roadshow as “this is a non-deal roadshow,” the source said. The emirates officials had not met Asian investors when it raised $5bn last April. “They are there to meet and update them on the economy and progress,” the source added.

The member states of GCC are looking to tap debt markets to consolidate their finances as the slump in oil prices put fiscal strain on their economies. Saudi Arabia, Qatar and Abu Dhabi last year raised more than $30bn from global bond markets to plug the fiscal deficits.

Kuwait has appointed a group of six banks to help it raise up to $10bn through its debut foray into the international debt markets. The US-based lenders Citigroup and JPMorgan Chase and the UK’s HSBC are working as lead managers on the potential sale, while Deutsche Bank, Standard Chartered and local NBK Capital have are hired as advisers, on the transaction.

Oman has also invited banks to submit proposals to help it raise funds through the sale of an international bond as the sultanate seeks to plug a budget deficit on the back of lower oil prices. It could raise a dollar or an Islamic bond and the government is expected to receive responses from the banks imminently.