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FINANCIAL NEWS
Dubai’s DI eyes USD108.90m expansion
12 Jan 2015
(MENAFN) Dubai Investments (DI), the leading investment company, announced it is planning expansions across its diversified portfolio, which includes two new acquisitions worth USD108.90 million, Gulf News reported.
The new acquisitions are expected to be made in the financial and real estate sectors, and will be finalized soon, with expectations that they will reinforce Dubai Investments’ robust growth across its 40-plus subsidiaries and joint ventures.
“We are eyeing expansion across our group portfolio and our new acquisitions are in line with this. The financial service company is a right fit for us and perfectly complements our model. The new real estate company will be a great addition to our portfolio, and contribute to our growth amid the current upswing in the sector,” Managing Director and CEO of Dubai Investments PJSC said.
During 2014, DI revealed a number of real estate projects, including the Mirdif Hills project, a mixed-use residential, commercial and retail development in Dubai, and the Fujairah Business Centre project being developed by its subsidiary Al Taif Investment, with the company having more than its 67 percent of its asset base is in the real estate sector and is currently worth over USD2.23 billion.
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