UPDATE 1-Dubai World eyes Russia investments despite crisis
* Dubai World eyeing further investments in Russia
* Says has no problems funding projects
(Adds details)
DUBAI, Nov 10 (Reuters) - State-owned investor Dubai World, which is building the world's tallest tower, is looking at port, logistics and urban development investments in Russia and is not slowing any of its projects due to the global financial crisis, a senior official said on Monday.
"We are continuing with our projects without stopping or slowing down internationally or regionally," Dubai World Secretary-General Farid Ahmed told reporters, adding the firm was not reconsidering the $40 million tower development.
Ahmed said Dubai World had no problems funding its projects, but declined to elaborate on how the company would raise financing in the future given tighter global credit markets.
Dubai World unit, Limitless, is building a residential project in Russia's Khimki region to house about 12,000 people, Ahmed said.
Speaking on the sidelines of a Russia investment conference in Dubai, he said the company had also been planning a new city, the Great Domodedovo project, with 150,000 units. Continued...
One Year Later
Mumbai held tearful memorials and police staged a show of strength as it marked the first anniversary of militant raids that killed 166 people and ratcheted up tensions with Pakistan. Slideshow | Full Coverage
Liberhan Commission Report
The government published a long awaited report, recently leaked, accusing BJP leaders of a role in the 1992 destruction of the Babri mosque in Ayodhya. Full Article
