Dubai International Capital (DIC), a $13 billion investment agency owned by the ruler of Dubai, has announced plans to double its assets under management over the next two years to $25 billion.

DIC, which is a potential buyer of English soccer club Liverpool FC, made a slew of investments last year including $4 billion by its private equity arm in three European companies.

Its global equities division invested in European aerospace group EADS as well as Sony Corporation.

The investment agency said in April it was shifting its focus away from Europe and North America towards emerging markets, and hoped that they would make up 30 per cent of DIC's investment portfolio.-Reuters