(Washington Post) Paul Blustein - Middle Eastern investment in the U.S. is once again picking up steam. Spearheading the trend is Dubai's Mohammed bin Rashid al-Maktum. The ports deal is just one of a series of recent purchases by companies he controls. Other acquisitions include a $1 billion portfolio of 21,000 apartments in U.S. Sun Belt cities; a 2.2% stake in the automotive giant DaimlerChrysler AG that cost another $1 billion; and a Manhattan landmark building, 230 Park Ave. On Thursday came news of yet another Dubai acquisition, of plants in Georgia and Connecticut that make precision components used in engines for military aircraft and tanks.
2006-03-07 00:00:00Full ArticleBACK Visit the Daily Alert Archive