( www.HedgeCo.net ) – Geographically and financially at the crossroads of the new booming Asian economies and those of the established West, the Middle East is increasingly developing the signs of becoming a global economic force causing international executives, bureaucrats and economists to take notice. High oil prices and rising liquidity are encouraging governments to spend on large infrastructure projects that are enabling the region’s real estate, construction, transport, oil and gas and utility sectors to record nearly vertical growth. Projects are expected to grow to more than $1.2 trillion by the end of 2006.
Middle East companies continue to thrive in their respective homeland and are building the financial strength and desire to diversify their global portfolio. Case in point; Dubai, one of seven UAE emirates. Dubai, best known for its behemoth Palm and The World real estate projects, now boasts an indoor snow skiing oasis in the desert and the Burj Dubai, soon be the tallest building in the world.
With a thriving domestic economy Dubai is now flexing its economic muscle overseas. The recent acquisition of UK’s P&O will enable Dubai Ports World to become on of the world’s most powerful port’s authorities. Other Dubai based investment groups have purchased two of New York City’s Skyline’s great landmarks, The Essex House (now the Jumeira Essex House) and the Helmsley Building on 230 Park Avenue.
The launch pad for Dubai’s financial power is the DIFC Dubai International Finance Center, a 10 square kilometer financial free zone where the worlds dominant financial houses are setting up shop. How do you become part of this exciting environment? On March 6th in the opulent Burj Al Arab (the symbol of Dubai) join The DIFC and Global Capital Acquisition to examine the financial impact of the region and what is means to the hedge fund industry. Meet the minds behind the financial boom and explore how your hedge fund can benefit from the “Miracle of the Middle Eastâ€Â.
Dubai Hedge Fund Reception
March 6th , 6:00 pm to 9:00pm
Burj Al Arab, Al Falak Ballroom, 27th Floor
For additional information and registration please go to www.globalcapitalacquisition.com or call Lisa Harvey at 212.255.5316, lisa@globalcapitalacquisition.com
