Dubai to invest US$20 billion in South Korea
Dubai is seeking to invest up to US $20 billion in South Korea under the incoming Lee Myung-bak government, the Chief Executive Officer of the Investment Corporation of Dubai Mohammed Al-Shaibani was quoted by South Korea's Yonhap news agency as saying on Friday.
Dubai International Capital, the private equity arm controlled by Dubai Holding, plans to invest about US$5 billion in India, China and Japan over the next three years.