Arab firms to invest more than US$2bn in 2011-2014, says deputy minister

Sunday, February 6, 2011

Arab firms will invest more than US$2bn in Peru during 2011-2014, with much of the investments going to the infrastructure, energy and water sectors, state news agency Andina reported.

Companies from Arab countries currently have investments worth US$1bn in the country, including Dubai-based port operator DP World's US$700mn investment in the port of Callao, Andina quoted deputy foreign trade minister Carlos Posada as saying.

The minister said that Arab firms are very interested in investing in hydro projects, ports, roads, railways, water resources as well as the tourism and service sectors. Posada noted that investors from Arab countries have significant know how about these sectors and they are also attracted by the legal security that Peru offers.

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