Dubai is targeting the UK market to reap heavy financial profit. To initiate the move, Dubai is considering listing some of its largest and most valuable state-controlled companies such as
the Emirates airline in the London Stock exchange.
Mohammed al-Shaibani, Dubai’s finance chief, revealed that some of the state-owned companies could also be partially floated on the London Stock Exchange and signaled that the emirate views the UK as a strategic location for future investment.
“We have a lot of entities here [in Dubai] that can also go public and that should be a fantastic way to raise capital if we need it,” Mr Shaibani said.
Emirates is considered as one of the most lucrative brands of Dubai that rakes in revenues close to $21 billion. Emirates is supposed to be the company that will offer significant premium if its shares were to be partially listed.
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