Dubai-based Relam Investment LLC, a joint-venture between UAE-based Vault Investment and Vietnam-based MIG Holding, has committed to invest $250-300 million in India with an initial focus on real estate and technology, a company statement said.
The investment firm’s other areas of focus include energy, oil and gas, trading, healthcare, food and beverage, retail and agriculture.
The company has also announced two new technology-led investment projects. The first would serve the real estate sector through a crowdfunding platform, and the second, a trade hub platform, focused on small and medium enterprises.
It has allocated $50 million to fund emerging technology companies internationally and another $200 million towards the real estate sector, where India is one its main hubs, the statement added.
“Our strategy is aligned with Dubai’s vision for globalised growth via effective investments. Through Relam Investment, we aim to give a boost to the Indian startup ecosystem,” said Sultan Ali Rashed Lootah, chairman and managing director of Relam Investment.
Nguyen Doi Fong, from MIG Holding, is the vice chairman of the company.
Established in 2018, Relam Investment’s other founding members include Abdullah Ali Rashed Lootah and Do Hong Phuc.
Apart from India, Relam Investment will focus its operations in the UAE, Vietnam, GCC countries, United Kingdom, Turkey, South East Asia and Egypt in the initial years, before expanding to other nations and regions around the world.