Dubai, United Arab Emirates: UAE-based company Vault Investment and Vietnamese MIG Holding, announced that they have aligned to form Relam Investment Company LLC, a new international joint venture which will focus on investments across multiple industry sectors including real-estate, energy, oil & gas, trading, healthcare, technology, F&B, retail and agriculture among others.
The new company was announced during a press conference held on Sunday, 6th of May at the Intercontinental Hotel Dubai Festival City and attended by a number of senior government officials and investors from around the UAE.
Sultan Ali Lootah has been appointed as Chairman and General Manager of the new Dubai-based company, while Nguyen Doi Fong from MIG Holding will be the company’s Vice Chairman.
“The partnership between our two companies brings together proven expertise in real estate, financial, technical and commercial investments in East Asian and European countries and is a major milestone in expanding our operations to other international markets” said Sultan Ali Lootah. Relam Investment Company will operate a diversified investment portfolio across multiple sectors including real-estate, energy, oil & gas, trading, healthcare, technology, F&B, retail and agriculture “During its first few years, Relam Investment will focus its operations in the UAE, Vietnam, GCC countries, United Kingdom, Turkey, South East Asia, India and Egypt, before expanding to other countries and regions around the world,” added Lootah.
Lootah also announced three new technological investment projects. The first would serve the real estate sector through the crowdfunding platform. The second will support the services sector through an advanced ( OYA ) program and third is an integrated logistics project that supports trade, import and export activities globally and services SMEs through the (T – Hub) project.
Relam Investment has also allocated an investment portfolio of $50 million to fund small technical projects and another $ 200 million into the real estate sector.
Phong said “We selected Dubai to be our main hub because of its global reputation and its unprecedented services and facilities to investors.”
During the launch ceremony today, Relam Investment Company signed three partnership agreements. The first agreement was with IAC company to represent and operate the logistic project in Egypt ( T- Hub ) represented by Mr Ismail El Sakka. The second agreement was with Cygnus Technology Services represented by Mr. Swapnil Patil which is a technological company to launch the services system (OYA) in UAE and Vietnam followed by the agreement for BRICX - a Real Estate Crowdfunding project with MMD Technologies represented by Mr. Samy Moselhy.
Sultan has held numerous high ranking positions in the government and private sectors; most recently as the Chairman and Managing Director of Relam Investment and Vault investments. Mr. Sultan holds an MBA in strategic management and a Diploma in Public Policy.
Phuong occupied various posts including CEO of MIG Holdings and holds a PHD in Economics an addition to many professional certificates.
For more information
Please contact Mr Saad Elsayed
MTC Media & Translation
+971506539100
saad@dubaimtc.com
