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Diversification, Dubai-style

Istithmar World, the investment arm of Dubai World, and real estate developer Nakheel invested an undisclosed sum in Montreal-based Cirque, expanding a 15-year partnership between the latter two entities reached last spring. See Reuters clip below.

clipped from www.reuters.com Dubai firms buy stake in Cirque du Soleil Two government-owned investment firms in Dubai have acquired a 20 percent stake in the colorful Canadian acrobatic troupe Cirque du Soleil, furthering the desert city’s plans to expand its tourism appeal and lengthening its list of foreign investments. Cirque du Soleil has annual sales of more than $700 million and attracts nearly 10 million visitors a year, making it one of the world’s largest entertainment businesses.