Brazilian Tycoon Impressed by Dubai's Unprecedented Growth

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From 'Paradise of the Rainforest' to 'Paradise of the Desert'; Business man Francisco Ritta Bernardino, one of the biggest land owners in Brazil is now looking to invest in Dubai.

During his first-ever visit to Dubai, Mr Bernardino, who is also the President of the Ariau Group of Hotels, expressed his admiration and satisfaction of the state-of-the-art facilities and services Dubai offers to the global investor and businessmen which he said is not found anywhere else in the world.

The business tycoon showed his keen interest in investing in Dubai's expanding hotel industry and the planned high-end property projects. The Vice President of the Federation of Industries in Amazon, and President of the Amazon Convention and Visitors Bureau, said that he is highly impressed with the facilities and excellent services that Dubai had to offer. Mr Bernardino is the second largest land owner in Brazil, and is looking for lucrative opportunities in Dubai whilst promoting the sale of land and resorts to possible investors from the UAE to Brazil.

With the dirham pegged to the dollar, Obelisk International believes that the strong pound which is currently hovering around $2 to £1 has triggered a huge increase in investor money to the country. For the investor, this equates to property prices at 15% lower than in April earlier this year, which is a huge incentive for overseas property in Dubai.

Meeting with the Marketing Director General of Dubai Department of Tourism, Khalid A bin Sulayem, the high-profile businessmen and investor was joined by other delegates from Brazil and UAE, talks were based on building relations further between the two countries. The delegation formed part of the DTCM's marketing strategy and continuous efforts to promoting Dubai as an international trade and tourism destination. Mr Bernardino also announced the launch of the new Emirates airline flight from Dubai to Sao Paulo, to begin next month, which will further boost trade and investment opportunities between Brazil and the UAE.

The delegates also included high profile business and government officials from both countries Vision and Mission - To position Dubai as the leading tourism destination and commercial hub in the world, and to strengthen the Dubai economy. Mr bin Sulayem briefed the delegation about the benefits and facilities Dubai has to offer to investors and businessmen, highlighting the global efforts of DTCM in promoting the trade and tourism attractions of Dubai.

For more information on property investment and to find out about Obelisk International's latest projects, contact: Obelisk International on 0808 1600670 or visit our website


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Santiago Sanchez-Lozano
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