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Dubai, HK firm plan fund to bring China firms to Mideast

TEL AVIV (MarketWatch) — The Dubai government and a Hong Kong investment firm are raising $1 billion to bring Middle East oil money into Chinese deals, The Wall Street Journal reported. Dubai International Capital has committed $500 million and First Eastern Investment Group has put in $30 million to the new China Dubai Capital fund, with the rest to come from outside investors, the Journal reported. The fund is looking to invest $20 million to $50 million per deal in Chinese companies looking to expand into the Mideast in fields including infrastructure, natural resources and various services, the paper reported.
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Original post by Forextvblog

This entry was posted on Monday, April 14th, 2008 at 1:31 am and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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