Home » Middle East Private Equity »

|| A Chinese investment bank setting up a $250 million fund for Dubai

A Chinese financial group is in advanced preparations to launch a Dubai-focused investment fund, highlighting global interest in a rebound in Gulf economies - the Financial Times is reporting.

First Eastern Investment Group, a Hong Kong-based group, is aiming for a $250 million fund, of which it will supply $50 million. First Eastern is in talks with Abu Dhabi investors to supply a further $50 million.

Just less than 2 years ago, the same First Eastern and Dubai International Capital tried to launch a $1 billion fund called "China Dubai Capital" to target opportunities in China. Quite a turn of events for China, and Dubai.

Previous Post: Qatar's investment firm acquired %71.3 of a Plastic company
Next Post: Dubai's Habtoor Group to buy Hotels in Europe

|| About Us

Established in 2007, DubaiBeat.com provides insight, analysis and research on Middle East investors.

We cover different asset class investors like private equity, venture capital, hedge funds and real estate investors from the Middle East and broader MENA region.

|| Subscribe

Copyright 2007-2017 DubaiBeat.com    Sitemap  |  Terms  |  Privacy Policy

Follow us: RSS Feed   Facebook    Twitter