Wednesday, March 19, 2008
Yousef Al Otaiba, the Director of International Affairs for the Government of Abu Dhabi, has an opinion piece in today's Wall St. Journal on Our Sovereign Wealth Plans, in which he states:
Abu Dhabi's investment organizations also meticulously follow all of the laws, regulations and rules of the countries and exchanges where they make investments, and meet all disclosure requirements of relevant government and regulatory bodies. There is acceptance of the need for increased scrutiny from governments of in-bound investments that have potential national security implications, so long as the process is clear, fair and timely. For example, Abu Dhabi's investment organizations to date have been comfortable with the new review process in the United States, and remain committed to abiding by both the letter and the spirit of the new law.
It is important to be absolutely clear that the Abu Dhabi government has never and will never use its investment organizations or individual investments as a foreign-policy tool.