Gulf Islamic Investments (GII) a Shari’ah-compliant global alternative investment company, has announced the opening of a wholly owned company named Gulf Ventures Capital.
Gulf Ventures Capital will be based in Bahrain, as part of GII’s strategy to expand its footprint in the MENA region and globally with current presence in the UAE, London and Frankfurt.
The company is set to invest in food, focusing on strategic food sustainability projects in agriculture, aquaculture, food processing and production, as well as logistics, green technology and healthcare.
Through investing in food sector GII will be addressing the rising population, increase in standard of living, disposable income and thereby the rising demand in food.
Increasing local production in sectors that are experiencing demand-supply gap, would improve GCC food sector, and GII’s investments are aligned to narrow the gap, create market competitiveness of locally produced and processed food, contributing towards long-term food sustainability.
Mohammed Al Hassan, co-founder, and co-CEO for GII commented: “Our commitment to building and increasing our footprint is testament to our firm belief in the thriving GCC market. We see significant growth potential in food projects and logistics in Bahrain and the larger GCC region. We continue to deliver on our strategy through expanding our portfolio for our stakeholders and partners.”
Pankaj Gupta, co-founder, and co-CEO for GII added: “GII’s diversified investments prove our leadership in financial solutions and profitable partnerships. Our new presence in Bahrain offering different asset classes demonstrates our strong position in the region”.
Saleh Albelushi, CEO for Gulf Venture Capital stated: “It gives me pleasure to execute GII’s strategy for growth. Food, agriculture, logistics and green technology are sectors that we will focus on, covering not only Bahrain but also the GCC.”