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Wary of the impact of the global credit crunch, which seems to have affected the Western banking majors and economies the most, but attracted by the high GDP growth economies of Asia and the huge projected project spend in the region, investors from the Middle East and Malaysia, armed with huge petrodollar surplus liquidity, are increasingly looking to diversify their investments both in terms of asset classes and locations. Not surprisingly, China, Hong Kong, India, Indonesia, Japan, Singapore and Malaysia are experiencing a boom in interest from these investors. This interest is further consolidated by the fact that the flow of trade, especially GCC oil, gas and petrochemical exports, is firmly in the direction of the above Asian countries.

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