Dubai’s Relam Investment to invest $300 mn in India
Mumbai, May 8 (PTI) Dubai-based Relam Investment LLC today announced its entry into the Indian market with an initial commitment to invest USD 300 million in the real estate and technology sectors over the next five years.
The company will make India as it’s hub for investments in Southeast Asian markets, its chairman and managing director Sultan Ali Rashed Lootah said.
“We have allocated an investment portfolio of USD 50 million to fund emerging technology companies and another USD 250 million into the real estate sector,” Lootah said, adding the investment will be done over a period of next five years.
The company is investing in three technology companies – Oya, Bricx and T-Hub, according to him.
“In the real estate sector, we would be looking at investment in commercial as well as affordable, energy-efficient and sustainable housing projects,” he said.
The company is open to either invest directly in a real estate project or partner with any domestic company to invest, Lootah added.
Relam Investment LLC, a joint venture between UAE-based Vault Investment and Vietnamese MIG Holding, today also signed a co-operation agreement with Mumbai-based RRP S4E Innovation to set up renewable energy plants in the country.
Besides real estate and technology sectors, the firm will also focus on investments into energy, oil and gas, trading, healthcare, retail and agriculture sectors.