After BRIC set the ball rolling with investors all over the world, its time for them to dance to the tune of 'CHIME', an acronym becoming a buzzword for China, India and Middle East -- as analysts believe the region holds tremendous growth potential in the years to come.

Middle East i.e. West Asia and Asia corridor is slowly becoming real and important. As Asia has become a lot more attractive today than the Western countries and the Gulf is an emerging market with a lot of liquidity, according to a report by Asian Venture Capital Journal.

As compared to BRIC -- Brazil, Russia, India and China -- which was coined by Goldman Sachs to define high-growth emerging markets, CHIME is developing as a far more geographically continuous and economically consistent proposition, it added.

"People are more interested about potential hedge funds and potential links in China, India and Asian Investment .... versus the big cliche that there is a lot of liquidity looking to invest in or buy anything outside," Chief Executive Officer Middle East and North Africa for Jefferies International Christian Mouchbahani said.

Gulf Cooperation Council investors with a high growth economy of their own have fundamentally different priorities to western pension funds looking to diversify out of the slow growth of their own economies.

The abundant liquidity of the GCC country means that investors may be more ready to explore new options and take risks and hence there could be an increasing look towards the East.