Dubai Group in first Cambodia investment plan

September 23, 2008 at 1:35 am 1 comment

Gulf Times, Qatar – September 23, 2008

SINGAPORE: Dubai Group, an investment company managing more than $40bn on behalf of the emirate’s ruler, said it may invest in Leopard Capital’s Cambodia fund, the group’s first investment in the Southeast Asian nation.

“We are interested in Cambodia,” said Lim See Teik, a senior private-equity analyst at Dubai Investment Group, the asset management unit, in an interview late on Friday in the Cambodian capital Phnom Penh, where he attended an investment forum organised by Leopard Capital. “There seems to be a lot of potential.”

The prospect of oil and gas development and political stability under the administration of Prime Minister Hun Sen are luring foreign investments in Cambodia. The economy of Southeast Asia’s second-poorest country, which abolished money and markets under the Khmer Rouge three decades ago, grew 9.5% a year from 2000 to 2007, the fastest pace in Asia after China.

Dubai Group has invested in other Southeast Asian countries, except for military-ruled Myanmar, said Lim, 41, who is based in Kuala Lumpur. – Bloomberg

Advertisements

Entry filed under: Economy and Trade. Tags: , , , .

Chup rubber plantation privatised Cambodia, Thailand set for more border talks

1 Comment Add your own

  • 1. Lucille Gitto  |  May 18, 2012 at 3:02 am

    Thx for information.

    Reply

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Subscribe to the comments via RSS Feed


September 2008
M T W T F S S
« Aug   Oct »
1234567
891011121314
15161718192021
22232425262728
2930  

Current visitors

counter

Blog Stats

  • 93,527 hits

%d bloggers like this: