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Vault Investment and MIG form ‘Relam Investment’
By our business bureau May 08, 2018
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DUBAI: UAE-based company Vault Investment and Vietnamese MIG Holding, announced that they have aligned to form Relam Investment Company, 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, 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.

During the launch ceremony, 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 Ismail El Sakka. The second agreement was with Cygnus Technology Services represented by 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 Samy Moselhy.

“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 ) programme and third is an integrated logistics project that supports trade, import and export activities globally and services SMEs through the (T – Hub) project.

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