Dubai Investments unit eyes Iraq, Libya business parks

A unit of Dubai Investments is in advanced talks to set up business parks along the same lines as its Dubai Investment Park in Libya and Iraq.

Dubai Investments International, a wholly-owned subsidiary of Dubai Investments, is targeting overseas expansion and currently tapping into business opportunities in Africa and Asia.

In addition to joint ventures and strategic partnerships across Africa and Asia, the company is also eyeing commercial projects in some Middle Eastern countries, according to a statement released by Dubai Investments.

The company said it is also in advanced stages of negotiations with prospective business partners in Libya and Erbil in Kurdistan, Iraq to build an industrial, commercial and residential business park similar to Dubai Investments Park.