Gulf Capital, one of the leading and most active alternative asset managers in the Middle East, has renewed and reaffirmed its partnership with Emirates Foundation, for the fifth consecutive year to support a variety of programmes focusing on the development of UAE youth. Emirates Foundation is the UAE national foundation established to facilitate public-private partnerships for empowering youth.
Since the partnership began in 2011, Gulf Capital has continued to collaborate with Emirates Foundation in key focus areas that address youth development. This includes the Emirates Foundation's Internship Portal, launched and funded by Gulf Capital. This powerful platform serves to connect Emirati talent with Internship opportunities in the private sector. It links employers from the private sector with thousands of talented UAE nationals seeking internships.
Dr. Karim El Solh, Chief Executive Officer of Gulf Capital, said: "Gulf Capital is delighted to renew its partnership with Emirates Foundation. We encourage and support the Foundation's vision, which coincides with ours. All of our social responsibility programmes focus on empowering the future generation with the right set of skills and knowledge that will help them cultivate an entrepreneurial spirit and build a better future for themselves and those around them. The Gulf Capital team is committed to use its expertise to train and engage with the young generation through the three pillars of its social responsibility programme: education, training and entrepreneurship."
Mohanna Al Muhairi, Chief Operations Officer at the Emirates Foundation said: "With our nation's shift towards a knowledge-based economy led by qualified UAE nationals, there is an increasing need to shift the employment of UAE nationals from the public to the private sector. It is through partnerships such as ours with Gulf Capital that we are able to provide youth with opportunities to venture into the job market. The Internship Portal, in particular, is an important platform that helps Emirati graduates familiarise themselves with private sector opportunities that are in sync with their career ambitions. Their internship training will expose them to new prospects and help them acquire core competencies necessary for effective leadership and career growth."
Dr. Karim el Solh concluded: "The private sector plays an important role in improving employment prospects for Emirati youth, and the Internship Portal we launched with Emirates Foundation intends to offer Emiratis the opportunity to experience the private sector and encourage them to consider a career path in private companies. With more than 15,000 graduates entering the job market every year, the Internship Portal becomes a tool to increase the number of Emiratis contemplating a job in the private sector. Through the use of this portal, Gulf Capital and other private sector Emirates Foundation partners have already been successful in on-boarding many young Emiratis who will hopefully join one of the private companies following the completion of their internships."
Gulf Capital's work with government authorities and non-governmental organisations such as the Emirates Foundation aims at giving back to society and making a sustainable positive change. Gulf Capital believes that corporate governance and business sustainability are essential to its long-term goal of being a leader in alternative asset management in the region.
About Gulf Capital
Gulf Capital is one of the leading alternative asset management firms in the Middle East, investing across several asset classes including Private Equity, Private Debt and Real Estate. The Firm currently manages over AED 12.4 billion (US$4 billion) of assets across 10 funds and investment vehicles. Gulf Capital's mission is to grow capital and build value with world-class expertise and best practices to generate sustainable superior performance for all stakeholders. Gulf Capital, which is celebrating its 10th anniversary this year, invests its own capital alongside its fund investors' capital in all of the funds it launches. Gulf Capital received regional and international recognitions from industry peers and experts. The Firm was awarded the "Best Private Equity Firm in the Middle East" Award by Banker Middle East Magazine in 2011, 2012, 2013, 2014 and 2015 and the "Best Private Equity Firm" in the Middle East and North Africa by Private Equity International, as well as "Best SMEs Credit Fund in the Middle East' in 2015. The Firm is actively involved in real estate development through Gulf Related, its joint venture with the Related Companies, the leading private real estate developer in the United States. Gulf Related is focused on pursuing marquee large-scale mixed-use and residential real estate development opportunities in the UAE and Saudi Arabia. Gulf Capital also launched a Private Debt business, Gulf Credit Partners, which offers credit and mezzanine financing to meet the funding needs of fast-growing companies and to provide acquisition finance across the Middle East, North and Sub-Saharan Africa, as well as Turkey. With its private equity, real estate and private debt initiatives, Gulf Capital is today one of the largest and most diversified alternative asset managers in the Middle East. For more information about Gulf Capital PJSC, please visit Gulf Capital's website at www.gulfcapital.com
About Emirates Foundation
Emirates Foundation was launched in April 2005 as an initiative of His Highness General Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. It is chaired by HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs.
In 2012, the Emirates Foundation was re-launched under the name "Emirates Foundation for Youth Development" as an integrated national initiative that seeks to invest in UAE youth. The new strategy uses the model venture philanthropy with a view to impacting the lives of young people in the UAE positively and permanently. To achieve this, the Foundation will work in three key focus areas: social inclusion; community engagement; and leadership and empowerment. It will seek to identify, educate and inform the public about challenges facing UAE youth while developing sustainable, enterprise-based solutions to social issues and motivating young Emiratis to volunteer, participate and give back to society.
Emirates Foundation works to enhance partnerships between private and public sectors, in order to develop sustainable ways of helping young people in the UAE make an active contribution to the country's development. EF is funded through contributions from the Abu Dhabi government and private sector companies.
Issued by Borouj Consulting on behalf of Gulf Capital. For more information, please contact: Randa Mazzawi randa@boroujconsulting.com or Mayssa Makhlouf mayssa@boroujconsulting.com at Tel: +9714 3403005, Follow us on Twitter @Borouj.
© Press Release 2016
