Newzbusiness.com
Just connect

Dubai Based Investment Bank Allocates $1 Billion

To fund projects identified by Global Business Intelligence Firm!

0

Dubai– ABiQ Business Intelligence (ABiQ) signed an MoU with Global Islamic Financial Services Firm (GIFS) based in Dubai, United Arab Emirates, South Africa and Turkey who provide financing and investment for infrastructure projects, government projects and private equity deals. Under this agreement, GIFS will allocate $1B to fund projects identified by ABiQ Business Intelligence (ABiQ), global business intelligence firm. ABiQ will leverage its extensive database to assist Global Islamic Financial Services Firm to identify investment and financing opportunities.

ABiQ is tracking over US$4 trillion worth of active project opportunities in Africa and the Middle East, including critical information such as ultimate business owners and decision-makers. Through its analytical capability, ABiQ identifies the top developers, contractors and consultants in any Middle East and African market and sector, helping to minimise risk during the development period.

Commenting on the MoU, Emil Rademeyer, General Manager of ABiQ said, “This is a key milestone in connecting upcoming projects with potential investment opportunities. It has been a long time coming and we have invested heavily in developing trusted and reliable content as well as the analytical capabilities of our platform for our subscribers over the last few years.”

Rademeyer added. “Now we can identify viable and sustainable projects in the private and government sector, as well as PPP [Public-Private-Partnerships] projects and bring much-needed funding to the table”.

Mufti Ismail Desai, CEO of Global Islamic Financial Services Firm said, “We have a successful track record of arranging more than US$4.3 billion in investment and funding for key projects across governments, private sector including listed-,unlisted companies and PPPs. With this agreement, we can work with ABiQ to identify investment and funding opportunities”.

Mufti Ismail Desai is a global renown expert on Islamic Finance and has consulted and has conducted deal advisory of over US$4 billion on a range of transactions including complex mergers and acquisitions, divestitures, corporate restructures, bond issuance’s, corporate capital raising, cash management, structured finance and IPO/LBO/MBO transactions.

[email protected]

Leave A Reply

Your email address will not be published.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More