(MENAFN- Khaleej Times) Close on the heals of advising on dubai investments sukuk which was oversubscribed 17 times the company is being approached by many queries
Going forward in 2014 dubai is going to witness a swell in investor confidence which is here to stay as financial markets are booming with activities in foreign investments and surge in mergers and acquisitions or m&a activity says a top official of alpen capital.
“we have witnessed a surge on all the fronts in the uae particularly as the markets are now basking in liquidity and surge in m&a activity in the gcc region as a whole. dubai is growing on very positive note from last quarter of 2013 and now also in the first quarter of 2014. the business has picked up real estate is booming and stock market activities are surging after a lull in the market for sometime. our company is ramping up its workforce in abu dhabi dubai bahrain and riyadh” rohit walia executive chairman of alpen capital told khaleej times in an interview.
Close on the heals of advising on dubai investments sukuk which was oversubscribed 17 times the company is being approached by many queries.
Walia said: “in fact more than 67 per cent of this five-year paper is currently placed in europe and asia so the investor demand for dubai paper is here to stay. we have received a lot of queries for floating sukuk and anticipate a flow of billions of dollars in three to four months time in the region.”
The company is also tapping the india-gcc corridor and is working with indian corporates to set up the operations here. “alpen is currently also working on eight deals helping large indian corporates eager to set up shops here as gcc is seen as attractive investment destination” added walia.
It may be noted that the firm had recently advised zuari agro chemicals for setting up a $950 million manufacturing facility in ras al khaimah and also mandated an indian company wanting to set up a $250 million sugar refinery in kizad free zone in abu dhabi.
In a recently issued report by alpen on ‘gcc as an investment destination opportunities for indian companies’ the firm states that gcc is emerging as an attractive investment destination for indian companies. in recent times a lot of interest from indian companies wanting to set up manufacturing units in the gcc is being observed. the availability of low cost energy land and natural resources along with a favourable investment climate promoted by the various gcc governments including a low/tax-free environment encourages investors to establish themselves in the gcc.
“alpen capital is playing a leading role in the gcc-india corridor highlighting the various opportunities that exist for indian firms to establish themselves in the gcc. in addition we are in various stages of discussions with multiple companies looking to establish in the gcc. we feel the trend for companies to set up in the gcc is only going to grow and we look forward to working with both companies and governments in facilitating the same.”
Further the report states according to the overseas investment data released by the reserve bank of india investments by indian firms in gcc have been on the rise in the recent years. indian firms have been investing in gcc countries across sectors like manufacturing financial services real estate construction trade hospitality agriculture and mining.
— sandhya?khaleejtimes.com
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