Issue No 280 - 25 Aug 2008
 
 
Nakheel targets US investors

Top officials from the real estate major Nakheel, are going to the United States to meet with major US developers, and investors looking at investment opportunities in Dubai.

The delegation will highlight Nakheel’s expertise and projects to the US market which have already caught the world’s attention with their unique architectural design and innovative concepts, said an official.

The team will also introduce various new investment opportunities in Dubai, including the recently launched Trump International Hotel & Tower on Palm Jumeirah.

“This visit is significant in many ways. Firstly, it highlights Dubai’s incredible growth to American investors and encourages them to recognize and understand the significance of the emirate’s current economic vibrancy,’ said Manal Shaheen, Nakheel’s director of sales, marketing and customer service.

’This is particularly so within the real estate market, where Dubai has experienced the most impressive growth in the region during the first decade of this century.’

’Secondly, this visit presents us with an excellent opportunity to promote Nakheel projects, allowing investors to examine our ventures up close and become familiar with both our company and our projects.”

“During our visit we will focus on explaining the strengths of investing in Dubai and how, by implementing solid legislation, providing an attractive investment environment, and offering a superior architectural experience, Nakheel has successfully managed to attract large international investors,” she added.

Nakheel already has a major presence in North America and has signed several important agreements with some of the continents leading brands and corporations.

It has partnered with The Trump Organization to develop the New York businessman’s first project in the Middle East – Trump International Hotel & Tower.

It is also developing the first Worlds of Discovery theme parks outside of the US, with SeaWorld, Aquatica, Busch Gardens and Discovery Cove set to provide major attractions on Palm Jebel Ali by 2012.

In addition, Nakheel recently invested 20 per cent in Cirque du Soleil, the world’s leading live entertainment company; together with Dubai World sister company Istithmar World.

Nakheel’s hotel division, Nakheel Hotels, is also following a dual strategy of investing in key gateway cities around the world alongside up-and-coming destinations which offer huge growth potential.

Major investments have already been made in North America, including a $375 million investment in the world-renowned Fontainebleau Miami Beach resort which has enhanced an existing portfolio of hotels in key North American locations, including New York, Washington DC, Los Angeles, and Los Cabos.

Source: Trade Arabia News

     
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