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Debt Laden Dubai Sovereign Wealth Fund Recoils from Investments

Category: Hotels, Posted:28 Sep 2009 | 06:57 am

One of the Middle East top property, hotel and leisure conglomerates Dubai World has announced a restructuring of its Nakheel Hotels and Istithmar World units. Its business empire not only spans the world but has a significant presence in the Thai market. There is much apprehension over a US$3.5 billion bond that is due later this year and the company which has over US$4 billion in hotel assets under Nakheel is consolidating management to Istithmer.
In Thailand Nakheel has investment's in projects such as the upcoming W Bangkok and W Retreat, Spa and Residences in Koh Samui. Istithmar hotels hold a stake along with IFA in Raimon Land.
Sovereign wealth funds (SWF's) were a significant source of capital for US companies such as Citibank and Morgan Stanley and the continued global recession has seen Abu Dhabi fund US$10 billon into Dubai this year to help fund its US$80 billion debt.

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Category: Tourism, Posted:27 Jul 2021 | 11:29 am Koh Samui is set for the resumption of international flights from Singapore on the 1st of August. Under the Samui Plus program and expecting increased demand, Bangkok Airways is taking this first step for the direct overseas service. The initial stage is three flights a week on Monday, Thursday and Sunday. Meanwhile in the Phuket […]
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Thailand Property Takes Urban Flight As Lifestyle Takes Over

Category: Real estate, Posted:26 Jul 2021 | 06:00 am Thailand’s resort real estate markets have experienced a dramatic reset in buyer profiles over the past eighteen months of the pandemic. A strong wave of domestic demand has seen Thais flocking to the country’s leisure destinations and snapping up holiday or second homes. According to new data released by Thai property portal FazWaz, the popular […]
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Just Another Sunday – Catch-Up

Category: Tourism, Posted:25 Jul 2021 | 15:08 pm It’s a great day to catch up on last week’s video sessions. Check out a replay of the special Business Insider Thailand Resort Property online event.  We also talk to a leading Thai developer on rewriting the map in Northwest Phuket, where a second resort-styled CBD is emerging and finally more on the ongoing Sandbox. […]