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Article: Arabs aren't pouring money into U.S. real estate. (Middle Eastern investors want ability to move money quickly in case of emergency)
- Article from:
- San Diego Business Journal
- Article date:
- February 18, 1991
- Author:
CopyrightCOPYRIGHT 1991 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Arabs aren't pouring money into U.S. real estate
While U.S.-led coalition forces bomb a great deal of Middle Eastern real estate to rubble, not much Middle Eastern money is pouring into American property. Arab investors want to keep their money easily available for the war effort or other purposes. Like Bedouins who can transport their possessions on camels, Arab investors wish to be able to move their funds quickly and easily in an emergency.
"Liquidity is the byword for Middle Eastern investors today," said Scott Holcombre, director of acquisitions of Banque Indosuez in New York. He has seen a large flow of Mideast funds to banks in Switzerland and ...