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: Free Zones in the UAE |
| Dubai World |
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DP World plans to launch IPO for expansion
Dubai Ports World commonly known as DP World is considering to offer a portion of its shares for public subscription as one of the available options for financing the company's expansions worldwide, Chairman of the company Sultan Bin Sulayem has revealed.
Seeking other financing methods such as loans or bonds is still an option, he said, noting that DP World would opt the most cost-effective financing method, The Gulf Today reported.
Meanwhile, Sulayem explained that DP World was continuing to study the investment opportunities available in the American market so as to hunt the most suitable ones.
He noted that the effect of the crisis of the highly risky real estate mortgage on the performance of the United States' economy was still limited, particularly on the medium and long run.
Sulayem ruled out the possibility for the company's real estate projects in the United States to be negatively affected by the highly risky real estate mortgage crisis, which came into existence recently.
He emphasised that DP World's real estate projects in the United States were of high value and high feasibility, noting that most of these projects were acquired with the aim of being developed to bring more revenues and were not offered for sale. |
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Courtesy The Emirates News Agency
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