(MENAFN - Khaleej Times) Dubai Investments sees a bright future ahead and said it would announce major development projects this year to capitalise on the growth opportunities in the wake of Dubai's successful bid to host World Expo 2020.
Khalid bin Kalban, Managing Director and Chief Executive Officer of Dubai Investments, said there will be lot of spending in infrastructure and development projects in Dubai to cater to the market demand in the coming few years.
"The future is very positive. As a company, or as a country, we will see that there will be lot of investments - both from the government side and private sector - in coming five years to execute Expo-related developments in the country," Kalban told Khaleej Times in a face-to-face interview.
Dubai Investments owns around 40 subsidiaries and joint ventures encompassing a diverse range of sectors including manufacturing of construction-related materials, food and dairy products, pharmaceuticals, industrial and commercial properties, real estate and financial investments with a paid-up capital of Dh3.5 billion. It is the leading investments company listed on the Dubai Financial Market, with over 19,000 shareholders.
Kalban said investor confidence has returned to the UAE and this is evident in the upbeat sentiment across various sectors of the economy. "With our expertise across diversified businesses, we are in a good position to capitalise on future opportunities."