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As we’re outsourcing more American business’ to other countries, we’re also seeing an influx of overseas investors and purchasers. Don’t be scared, it’s only the United Arab Emirates:
The Dubai Group, banking, insurance and investment arm of Dubai Holding, expects more opportunities in the next six to 12 months to buy financial, real estate, hotels and resorts companies in the United States.
The company which has bought 27 firms in less than two years hopes the world’s largest economy to recover soon, the risk of inflation to recede and help the dollar currency bounce back.
“The sectors to look at in the US are the areas that have been beaten up, the financial sector, real estate, hotels and resorts. Right now that’s what we are looking at.”
The company, which has tapped the debt market regularly and only last week closed a US$1.5 billion syndicated commodity murabaha facility, said it was bullish on the long-term prospects of the United States. “I think over the longer term the dollar will recover, simply because growth in Europe and Britian is lower in comparison with the US. The Americans have been much quicker to take action to correct the economy. “I also think that the perception of inflation is also a little bit overblown. There is a potential risk but in my view it’s overblown.”
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