Before setting our sights beyond our borders, we have and will continue to capitalize on lucrative opportunities in a booming United Arab Emirates.
The UAE recorded a 9% annual economic growth rate between 2003 and 2007 and an average rate of 8% over the past ten years. This robust growth can be attributed to the governments focus on transforming the country into the business and investment hub of the Middle East. Shrinking the economy’s dependency on oil is also a staple concern.
Beyond the UAE, regional countries are also attracting global funds as they work on connecting their economies to the global market. As a result, we are actively engaging the region and have reshaped our portfolio in both geographical and sector mix. Our core investments are directed towards stable sectors such as real estate, energy and resources, financial services, tourism, hospitality, oil and gas, information technology and telecommunications. To capitalize on opportunities in developing economies, we are also increasing portfolio exposure to growing sectors including health care, education, manufacturing agriculture and infrastructure and utilities.