In a major announcement which will boost Indian real estate and technology sector, Dubai based Relam Investment has committed to invest $300 million over the next five years. The announcement has been made recently wherein the company has announced its entry into the Indian market.
The company said in a statement that it will make India as a hub for investments in Southeast Asian markets. According to Sultan Ali Rashed Lootah, chairman and managing director of the company, “We have allocated an investment portfolio of $50 million to fund emerging technology companies and another $250 million into the real estate sector.”
“Our strategy is aligned with Dubai’s vision for globalized growth via effective investments. Through Relam Investment, we aim to give a boost to the Indian startup ecosystem,” Lootah further said.
He further said that the company is open to invest either directly in a real estate project or it will partner with any domestic company. The investment will be made in commercial as well as affordable, energy-efficient and sustainable housing projects.
In order to strengthen the Indian real estate sector, they will also start two new technology-led investment projects. The first would serve the real estate sector through a crowdfunding platform, and the second will focus on small and medium enterprises through a trade hub platform.
Apart from these two sectors, the firm other focus areas are energy, oil, and gas, trading, healthcare, food and beverage, retail and agriculture.
Relam Investment is a joint venture between UAE-based Vault Investment and Vietnam based MIG Holding. They have also signed a co-operation agreement with Mumbai-based RRP S4E Innovation to set up renewable energy plants in the country.