DPM meets with Dubai businessmen to discuss investment in Thailand

[webfact]

DPM meets with Dubai businessmen to discuss investment in Thailand

BANGKOK, 7 March 2016 (NNT) – Business representatives from Dubai have met with the deputy prime minister for economics to indicate their interest in investing in Thailand’s logistics sector.

At Government House today, Deputy Prime Minister for Economics Somkid Jatusripitak disclosed the results of talks with DP World President Sultan Ahmed Bin Sulayem, making known the businessman has expressed interest in investing in a dock in Songkhla province, which is part of the Andaman and Gulf of Thailand Land Bridge project to connect Songkhla and Satun provinces. The president stated that DP World is expanding its investment worldwide and sees Thailand as a place of great potential.

DPM Somkid pointed out that investment returns across the world are currently depressed with interest rates in most countries now falling, creating a strong opportunity for Thailand to attract investment due to its continuing high yield. He stated that by enhancing international confidence in its economy, Thailand can benefit during this period of global economic doldrums.


-- NNT 2016-03-07

[Reigntax]

Thaksin might be able help the junta with a few introductions.

[JAG]

Thaksin might be able help the junta with a few introductions.

I'm disappointed - it took 15 minutes for that comment to appear!

[Reigntax]

Thaksin might be able help the junta with a few introductions.

I'm disappointed - it took 15 minutes for that comment to appear!

Yes, couldnt help myself. He is however a sucessful businessman by whatever means and an elected director is still better than a self apppointed one.

I just couldnt imagine him recommending any Dubai business investment to associates given the uncertainly that currently exists.

[clockman]

Dubai is the money laundering centre of the middle east. And also, the Mumbai mafia is controlled from here.!

[ThailandLOS]

I would advise the Thai counterpart to ask to see the money first. With oil price at half of what the arabs need to cover their costs, they will be out of cash reserves fairly soon.

[ramrod711]

Just put a for sale sign on the Country, but be sure to tell potential buyers that; it will soon belong to the Chinese, they must have a Thai "partner" that will own 51% and unless they want to own a Condo they will not have title for their home. Where can I sign up?

[phoenixdoglover]

I would advise the Thai counterpart to ask to see the money first. With oil price at half of what the arabs need to cover their costs, they will be out of cash reserves fairly soon.

The UAE (especially the emirate of Dubai) is a bit different from other Arab countries, as they have a more diverse economy. IMF as of August thought UAE reserves would grow in 2016. Not sure about that now.

But the overall reserves situation is very good for UAE, Qatar, Kuwait; not good for Saudi, Oman and Bahrain.

[MockingJay]

Sure they gonna be happy to invest a full 100% just to lose their remaining 49% during one of the upcoming "business law adjustments"...