Dubai World looking for opportunities in Australia
A report in Gulf News says that a top priority for Dubai World chairman Sultan Ahmad Bin Sulayem during his whirlwind tour of Australia has been to assess opportunities and challenges facing the five container terminals DP World operates in the country.
Bin Sulayem’s radar has been in constant search for investment opportunities for Nakheel International, Limitless and Istithmar – all companies under the Dubai World umbrella.
Speaking to Gulf News at the mid-point of his tour, he said possibilities exist in sectors such a real estate, hotels and resorts, marinas and cruise terminals, as well as third party logistical support for the ports business.”This trip has given me more confidence in the Australian economy than I had envisaged,” he said.
“We will take our time to digest the information we have learnt and will react to any opportunity that the market presents.
Good relations with officials governing Australia’s states could be key to pouncing on opportunities.
Between tours of DP World container terminals, Bin Sulayem has met state premiers, transport ministers, Australia’s deputy prime minister and the UAE ambassador to Australia and New Zealand.
“If we outline our investment intentions now, there is a better chance that the required approvals will be granted when the time comes to make those investments,” he said.
Despite Dubai World’s wide scope, the company’s focus in Australia’s has very much been on its existing DP World container terminals.
Report by The Mole
John Alwyn-Jones
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Phocuswright reveals the world's largest travel markets in volume in 2025
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Singapore to forbid entry to undesirable travelers with new no-boarding directive
Euromonitor International unveils world’s top 100 city destinations for 2025