MENAFN.com, 9 Oct 2009
Singaporean businessmen are upbeat about investing in Dubai, to take advantage of the global economic downturn that has sent salaries and office rents downward in the UAE.
Lim Ban Hoe Danny, regional director for Middle East and Africa of the International Enterprise Singapore, told Khaleej Times that about three to four companies have enquied with the IES Centre to set up businesses. "Most of these companies are in the food and beverage, oil and gas, branding and marketing sectors."
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