ID :
22854
Mon, 10/06/2008 - 14:40
Auther :
Shortlink :
https://oananews.org//node/22854
The shortlink copeid
Dubai World forms Dubai Natural Resources World
Dubai, Oct 6, 2008 (WAM) - In response to tremendous growth opportunities in global natural resources business sector, Dubai World yesterday announced the formation of a new business unit, Dubai Natural Resources World, designed to explore new long-term investment avenues, while contributing positively towards sustainable development.
Dubai Natural Resources World will drive the growth of the Group's interests across the entire natural resources value chain, including oil and gas, alternative energy, mining and agriculture. It will adopt a strategy of deriving long-term returns from all natural resources in a safe, clean and sustainable way.
The creation of the new subsidiary is in line with Dubai World's commitment to enhance Dubai's global profile, and ensure retaining a leading-edge in its development and remains among the most favoured partners of the world's fastest-growing economies.
The driving force behind Dubai Natural Resources World is the alarming shortage of natural resource supply across the world, combined with the competition for resources in emerging new markets. This has opened up an investment sector where carefully planned capital input can make a considerable difference in the supply-demand equation.
Dubai Natural Resources World also sees this sector as a niche area where partnerships can lead to assured financial returns and opening avenues of co-operation in the development and promotion of alternative energy sources. The natural resources sector is technology-strong and works closely with research services. The company's vision is to formulate a growth strategy that is completely in tandem with environmental protection and conservation policies.
Dubai Natural Resources World will drive the growth of the Group's interests across the entire natural resources value chain, including oil and gas, alternative energy, mining and agriculture. It will adopt a strategy of deriving long-term returns from all natural resources in a safe, clean and sustainable way.
The creation of the new subsidiary is in line with Dubai World's commitment to enhance Dubai's global profile, and ensure retaining a leading-edge in its development and remains among the most favoured partners of the world's fastest-growing economies.
The driving force behind Dubai Natural Resources World is the alarming shortage of natural resource supply across the world, combined with the competition for resources in emerging new markets. This has opened up an investment sector where carefully planned capital input can make a considerable difference in the supply-demand equation.
Dubai Natural Resources World also sees this sector as a niche area where partnerships can lead to assured financial returns and opening avenues of co-operation in the development and promotion of alternative energy sources. The natural resources sector is technology-strong and works closely with research services. The company's vision is to formulate a growth strategy that is completely in tandem with environmental protection and conservation policies.
