Doha Bank hopes
By Maggie Zhang |
August 7, 2010, Saturday
|
Print Edition
Print Edition
DOHA Bank expects its China business to grow about 20 percent annually on rising trade and investment between China and the Gulf, its head said yesterday.
The bank expects the bilateral activities to top US$250 billion in 2015 from the current US$70 billion, its Chief Executive Officer R. Seetharaman said yesterday in Shanghai.
Chinese companies are deepening their roots in the Gulf, mainly in the energy and infrastructure sectors such as oil and harbors.
More Chinese banks are following these companies to open branches in the Middle East.
The bank opened a representative office in Shanghai in 2007 to seek further growth opportunities in China.
The bank expects the bilateral activities to top US$250 billion in 2015 from the current US$70 billion, its Chief Executive Officer R. Seetharaman said yesterday in Shanghai.
Chinese companies are deepening their roots in the Gulf, mainly in the energy and infrastructure sectors such as oil and harbors.
More Chinese banks are following these companies to open branches in the Middle East.
The bank opened a representative office in Shanghai in 2007 to seek further growth opportunities in China.
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