Invest AD Taps Asian Markets For Gulf Investments

Vanessa Doctor

31 January 2010

Invest AD, the UAE-based fund manager, is searching for potential investment partners in China and Southeast Asia as it seeks new investors into Africa and the Middle East, Bloomberg reports.

The company is reportedly seeking partnerships with units of large banks and quasi-sovereign and sovereign firms that will open up opportunities in the Asian region.

"Many investment institutions have had a great deal of interest in the Middle East and Africa; the asset prices there are cheaper than other zones around the world," Mohammed Al Hashemi, the chief executive officer of Invest AD's investment management unit, was quoted as having said.

Mr Al Hashemi added that the company is also interested in Southeast Asia and China. He went on to note that while there are a lot of investment options in Dubai, with the city accounting for around 4 per cent of the region's GDP, there are other opportunities elsewhere in the world.

The firm is meeting with several fund managers in Hong Kong, Beijing, and Singapore this week, Mr Al Hashemi added, without giving specific details.