DALIAN, (China), Sept 7: Dubai Group, owned by the emirate, is planning to invest around $2 billion in the Chinese financial and property sectors over the next year to 18 months, its executive chairman said on Friday.

The investments in China will initially focus mainly on the investment banking as well as hospitality-orientated real estate, Soud Ba’alawy told Reuters.

“It depends upon the opportunity, but I think that we have the potential to invest up to $2 billion of equity over the next, let’s say, 12 to 18 months,” Ba’alawy said in an interview.—Reuters