Robert De Niro in UAE for million-dollar business showcase

The American actor was recently in the country to promote a tourism project in Antigua and Barbuda.

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Actor Robert De Niro with INHOCO Group Partners Mr. Alfonso del Corral and Mr. Raki Phillips

Actor Robert De Niro paid a quick visit to Dubai last Sunday, and the reason has nothing to do with the movies. It was to do with a glamorous island nation in the Caribbean.

De Niro, in addition to being one of the most highly regarded actors of all time (with two Oscars to his name), is also a venture capitalist — he has stakes in hotel and the Nobu Japanese restaurant group. Now, he’s invested in Antigua and Barbuda, to the tune of $250 million (Dh918.2 million) — and spoke about it at the Destination Antigua and Barbuda conference at Dubai’s Versace Palazzo in his role as Special Economic Envoy.

He, and members of the two-island nation’s government, spoke to an invitation-only audience of Mena-based investors about opportunities tailored for this region.

The low-tax Antigua and Barbuda (investments are free from personal income-, capital gains-, inheritance- and wealth tax) are the largest English-speaking islands in the Leeward Isles, lying on where the Caribbean meets the Atlantic; De Niro has been a visitor there for the past 25 years.

Article courtesy of the GulfNews