Tag Archive international investment projects

Barclays launches new international investment project

August 1, 2021 Comments Off on Barclays launches new international investment project By admin

Barclays has announced that it has signed a $1.6 billion investment project with an international financial institution in India to expand its financial services operations in the country.

The investment will create jobs and support the expansion of the Barclays Group’s global reach, said David Ransome, CEO of Barclays International, in a statement.

The project, called the India-based International Banking Group, will add up to 1,000 jobs and provide additional investment to the Indian financial services industry.

Barclays will continue to expand globally as part of our strategy to expand our international footprint.

This new project will build on the success of Barclays’ current investment in India, and build on our existing commitments to invest $2.5 billion in India by 2020.

“We are delighted to welcome Barclays to India and to see this new international project being built on the momentum of the success and impact of our investments in India.

We will continue working with the Indian government and the Indian public to develop a mutually beneficial partnership, and to build on a global approach that is based on strong global leadership,” Ransom said.

Barclays, the world’s second-largest investment bank, is currently the largest investor in the Indian stock market.

Barclays has also invested $3 billion in the construction of new Indian office buildings and is exploring the possibility of establishing a new global office in the city of Hyderabad.

The new project is expected to create more than 500 new jobs and is expected add up for $1 billion to the company’s financials, Ransomes said.

The bank’s Indian operations have been in the spotlight in recent months due to the bank’s controversial trading practices.

The firm has faced multiple regulatory probes over its dealings with state-owned banks, including the Bank of Baroda, and the Securities and Exchange Board of India.

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Singaporean entrepreneur wins €2.4bn in Dubai property deal

July 12, 2021 Comments Off on Singaporean entrepreneur wins €2.4bn in Dubai property deal By admin

A Singaporean businessman has won a record $2.5bn deal to buy an apartment building in Dubai, making it the largest foreign investment in the country.

Dubai-based Sihanouk Partners, which had been working on the project for more than a year, secured a $2bn commitment from a group of investors including Singapore’s State Investment Fund.

Sihanouks chief executive officer Tan Woon Chee said the investment would see a $3bn development with an investment of $2 billion in Singapore.

The Singaporean investor has secured the construction of an apartment block, office space and retail space.

The block, known as the Diamond Jubilee, is planned to be built on 1.5 acres.

The Dubai-based company had been eyeing the project since last year, when the company announced a $1bn loan from the state investment fund, which was announced in July last year.

“We’ve got a huge project in Singapore and we’re really excited to be able to invest in it,” Mr Tan said.

He said Sihans investment had been the “most successful foreign investment we have done in Dubai”.

The company had secured a total of $1.6bn in loans, and was also in talks with the government to secure another $1 billion.

The project is being built at a site near the world-famous Burj Khalifa hotel, which has been the subject of protests and criticism over the past year.

Last week, protests erupted in the city over plans to demolish the property, with residents protesting against the plans.

“This is a real eye-opener for the government in terms of their attitude towards the situation in Singapore,” Mr Sih told The Straits Times.

“It is also important to point out that we have a really strong and vibrant economy in Singapore that is really resilient and resilient and strong,” he added.

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