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Abu Dhabi Investment Company expects growth in the volume of capital flows between China and the Middle East on Mon May 31, 2010 12:41 pm
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Abu Dhabi Investment Company expects growth in the volume of capital flows between China and the Middle East
31/05/2010 20:58:26
Abu Dhabi Investment Company / China and the Middle East / growth
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Abu Dhabi, May 31 mother / expected Abu Dhabi Investment Company Institution for Financial Services, based in Abu Dhabi-based growth in the volume of capital flows between China and Middle East, both sides quickly in the coming years as a natural result of the strong growth witnessed by the recent trade between the two regions.
This came during a conference in Shanghai was held today, who spoke of Nazim al-Kudsi, CEO of Abu Dhabi Investment Company.
The press statement issued by Abu Dhabi Investment Company, statistics indicate a high volume of trade exchange between China and the Middle East during the past five years to three-fold to reach 107 billion U.S. dollars in 2009.
The statement said the past few years have seen a larger presence of Chinese companies, which are more active role in the Middle East, especially in the infrastructure sector received a score of, for example in 2008 on contracts in the construction sector amounting to 1.2 billion dollars for projects in the United Arab Emirates only .
The shrine during his participation in a panel discussion was part of Abu Dhabi and the forum that China's economic growth for the following range is the area of bilateral investment, which have emerged from Abu Dhabi where a starting point for investors in the rest of the Middle East and North Africa ..
Has started all of the Middle East and China to deepen became known as the most important and largest investors at the international level, both of the fastest growing markets in the world.
He said there was a tremendous amount of excellent opportunities for both sides ..
While China is the search for these opportunities in the Middle East and North Africa Abu Dhabi has been able to prove that the easiest and best entrance to the area ..
Abu Dhabi has established a solid infrastructure in terms of financial, logistical and communications services and that which it can meet the needs of different Chinese companies, both those working in the oil sector or reconstruction or financial services.
He reported that, according to the International Monetary Fund is expected to register GDP for the Middle East and North Africa this year, growth equivalent to 2.4 percent and GDP growth for China by 10 percent .. He pointed out that despite the importance of the role played by each of the Gulf states and China in investment at the international level, the flow of mutual investments between the two regions did not follow the path of growth in trade and were delayed significantly.
Temple said "a lot of people ask me what will attract Chinese investors to our region and the country is growing rapidly .. and the answer comes, which we have learned from our ancestors before the development of the theory of portfolio investment which is not to put all our eggs in one basket."
The Abu Dhabi Investment Company, Kwame, Ltd. recently announced they were established a strategic partnership to provide an opportunity for Asian investors to diversify their portfolios by investing in financial markets in the Middle East region through which the Abu Dhabi Investment act as consultant sub and choose the right stocks, funds launched by Kwame to invest in the Middle East.
He added that the majority of investment between China and the Middle East remains concentrated in the area of energy and petrochemical industries, for example by Borouge, which owns the Abu Dhabi National Oil Company a majority stake to open a factory in Shanghai for the production of polypropylene compounds that are used in the automotive industry.
He stressed the importance of the shrine to expand the partnership between China and the Middle Eastern Middle Eastern region is currently using the oil revenues to diversify its economy and intent to implement a massive program of infrastructure construction, a program similar to what China has implemented in the nineties ..
But the region is looking for opportunities to cooperate with China in various fields such as manufacturing and green technology.
The Forum Abu Dhabi and the Chinese economy was the first of its kind organized by the Economic Department in Abu Dhabi and the Bank of China, "ICBC" magazine Institutional Investor.
31/05/2010 20:58:26
Abu Dhabi Investment Company / China and the Middle East / growth
أ
Abu Dhabi, May 31 mother / expected Abu Dhabi Investment Company Institution for Financial Services, based in Abu Dhabi-based growth in the volume of capital flows between China and Middle East, both sides quickly in the coming years as a natural result of the strong growth witnessed by the recent trade between the two regions.
This came during a conference in Shanghai was held today, who spoke of Nazim al-Kudsi, CEO of Abu Dhabi Investment Company.
The press statement issued by Abu Dhabi Investment Company, statistics indicate a high volume of trade exchange between China and the Middle East during the past five years to three-fold to reach 107 billion U.S. dollars in 2009.
The statement said the past few years have seen a larger presence of Chinese companies, which are more active role in the Middle East, especially in the infrastructure sector received a score of, for example in 2008 on contracts in the construction sector amounting to 1.2 billion dollars for projects in the United Arab Emirates only .
The shrine during his participation in a panel discussion was part of Abu Dhabi and the forum that China's economic growth for the following range is the area of bilateral investment, which have emerged from Abu Dhabi where a starting point for investors in the rest of the Middle East and North Africa ..
Has started all of the Middle East and China to deepen became known as the most important and largest investors at the international level, both of the fastest growing markets in the world.
He said there was a tremendous amount of excellent opportunities for both sides ..
While China is the search for these opportunities in the Middle East and North Africa Abu Dhabi has been able to prove that the easiest and best entrance to the area ..
Abu Dhabi has established a solid infrastructure in terms of financial, logistical and communications services and that which it can meet the needs of different Chinese companies, both those working in the oil sector or reconstruction or financial services.
He reported that, according to the International Monetary Fund is expected to register GDP for the Middle East and North Africa this year, growth equivalent to 2.4 percent and GDP growth for China by 10 percent .. He pointed out that despite the importance of the role played by each of the Gulf states and China in investment at the international level, the flow of mutual investments between the two regions did not follow the path of growth in trade and were delayed significantly.
Temple said "a lot of people ask me what will attract Chinese investors to our region and the country is growing rapidly .. and the answer comes, which we have learned from our ancestors before the development of the theory of portfolio investment which is not to put all our eggs in one basket."
The Abu Dhabi Investment Company, Kwame, Ltd. recently announced they were established a strategic partnership to provide an opportunity for Asian investors to diversify their portfolios by investing in financial markets in the Middle East region through which the Abu Dhabi Investment act as consultant sub and choose the right stocks, funds launched by Kwame to invest in the Middle East.
He added that the majority of investment between China and the Middle East remains concentrated in the area of energy and petrochemical industries, for example by Borouge, which owns the Abu Dhabi National Oil Company a majority stake to open a factory in Shanghai for the production of polypropylene compounds that are used in the automotive industry.
He stressed the importance of the shrine to expand the partnership between China and the Middle Eastern Middle Eastern region is currently using the oil revenues to diversify its economy and intent to implement a massive program of infrastructure construction, a program similar to what China has implemented in the nineties ..
But the region is looking for opportunities to cooperate with China in various fields such as manufacturing and green technology.
The Forum Abu Dhabi and the Chinese economy was the first of its kind organized by the Economic Department in Abu Dhabi and the Bank of China, "ICBC" magazine Institutional Investor.