In an effort to broaden the range of investment options currently offered in the market, the UAE intends to introduce treasury bonds designed specifically for private investors in the country. The main goal of the treasury bond issue, according to Younis Haji Al Khoori, Undersecretary of the Ministry of Finance, is to bring new investment options to the market that will soon serve both institutional and private investors.
The goal of the move is to provide a wider range of savings options beyond the traditional ones, such equities, bank accounts, and real estate. The ministry is now focusing on the issuing of treasury bonds, which are issued every six weeks in partnership with the UAE Central Bank, thus the issuance of individual bonds does not have a specific timeframe, according to Al Khoori.
The Undersecretary emphasised that guaranteeing the availability of the required liquidity for the nation's banking and financial industry to allow it to buy bonds to meet particular requirements is the main objective of the public debt strategy.
