Hot sectors in a tepid recovery
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U.S. welcomes sovereign fund buys amid crisis-Kimmitt
DUBAI, Oct 28 (Reuters) - The United States would welcome investments from sovereign wealth funds as it grapples with the impact of the global financial crisis on its economy, Deputy U.S. Treasury Secretary Robert Kimmitt said on Tuesday.
Kimmitt is on a five-country swing through the Gulf Arab region to drum up investments in the ailing U.S. economy.
"What we're really doing is simply to make clear to sovereign wealth funds of the world that we are open to investments that are commercial ... that do not raise security concerns," he told reporters after a speech.
"We think that they are continuing to look very closely at opportunities in the United States. We have a number of cases before the Committee on Foreign Investment right now."
He did not elaborate further.
The Committee on Foreign Investment in the United States, or CFIUS, examines national interest issues and is part of the Treasury Department.
