News

Chinese firm to invest $1.3bn in UAE real estate

Dubai_real_estateInvestors in the UAE’s property market have been boosted by the news that Fidu Properties, a Chinese property developer, aims to invest $1.36 billion in UAE real estate over the next three years. Having opened an office in Dubai in April, Fidu is looking to expand its GCC operations. The first stage of this expansion plan is $544 million of investment in Dubai real estate before the end of the year. According to Fidu Properties’ marketing manager Amit Dahima, the company is bullish about the growth potential of the UAE’s real estate sector. “We feel the growth in the coming years would be phenomenal, particularly in the real estate sector which represents one of the strategic priorities of foreign direct investments into the UAE," he said. The Fidu news follows a recent state visit from Chinese president Xi Jinping, the first time a communist party head has visited the UAE. ©2018 funds global mena

Executive Interviews

INTERVIEW: Totally mega

Jun 13, 2018

In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...

INTERVIEW: Protecting the investment

Nov 23, 2017

Rasmala’s trade finance fund recently passed $100 million in assets. Doug Bitcon, head of credit strategies, explains why he has to be hands-on.

Roundtables

MENA ROUNDTABLE: ‘The story is about reforms’

Jun 13, 2018

Our cross-industry panel discuss the positive backdrop in Egypt, the Dana Gas controversy and the potential index upgrades of Saudi Arabia and Kuwait. Chaired by George Mitton in Dubai.

SOUTH AFRICA ROUNDTABLE: Airline syndrome

Jun 13, 2018

Our panellists tell us that instead of launching competing national projects, African countries should work together for the sake of a bigger capital market. Chaired by George Mitton in Cape Town.