Dubai Holding, which was recently created to manage some of the emirate's largest developments, has launched an investment arm aimed at merging and acquiring assets abroad. Dubai International Capital will invest across all sectors with emphasis on large and medium-sized family-owned businesses in the region.
'Under the pressures of globalisation and increasing competition, such companies might need extra financial resources or expertise in order to consolidate their overall performance,' said Samir al-Ansari, CEO of Dubai International Capital.' [We] will always be there to help companies finance their plans.' The company is developing strategic partnerships and carrying out a survey of the region's business environment before beginning to expand its portfolio. Established in mid-October, the holding company is responsible for overseeing some of Dubai's multi-billion dollar projects, including Dubailand and the media and internet cities (MEED 21:10:04).