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Dubai World venture into real estate investments in West Africa

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13-Apr-2008

HE Sultan Ahmed Bin Sulayem, Chairman, Dubai World with HE El Hadj Omar Bongo Ondimba, the President of Gabon

Sultan Ahmed bin Sulayem, Chairman, Dubai World is currently on a tour of West Africa along with senior Dubai World officials, including representatives of Dubai World Africa, the group's investment subsidiary dedicated to the continent to explore real estate investment opportunities.

Bin Sulayem said, “Dubai World sees West Africa as a region with huge potential for economic growth in the near future. The principal purpose of our tour is to explore and identify potential investment targets. Our business strategy is to pursue prudent investments that serve the best interests of all stakeholders”.

Dubai World already has a sizable real estate investment footprint in Africa and the West African tour is aimed at expanding it. Mr. Bin Sulayem and his team held extensive talks with President Ondimba of Gabon and his cabinet on matters of mutual economic interest.