Mohamed Ghosheh, CEO of Noor Capital, said that the company plans to launch two investment funds worth up to $ 500 million to the fund within the next three years.
According to the Gulf Economic Newspaper, the two funds will focus on diversified investments including fixed income instruments, especially region releases, and advanced technology, education, and healthcare sectors.
Ghosheh said: The local and regional market offers promising opportunities, and pointed out that the economic diversification of the Emirates served the goals of growth, and he expected that the incentives announced by the state last year would contribute to Further boosting growth in the next stage.
It is worth noting that Noor Capital is a private joint stock company owned by investors from the countries of the Gulf Cooperation Council, with a share of more than 50% for investors from the UAE. The company currently manages $ 1.5 billion in assets.
The CEO of Noor Capital believes that the Emirati economy has a high resilience, distinct diversity and ability to quickly respond to regional and global changes, which helps it to face several challenges that emerged within a few years And still increasing, whether geopolitical challenges and increasing protectionism with world trade and currency war, but this flexibility and this diversity and the speed of responding to changes allowed the seizure of opportunities that usually accompany these challenges. Therefore, the UAE economy will successfully deal with challenges and continue to achieve good growth rates in the coming years and will benefit from the decline in political and regional conflicts globally.
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