DIFC houses Zabeel InvestmentsPress Release 27 Dec 2006 12:46 pm
The multi-diversified investment house, Zabeel Investments, has moved in to the financial heart of Dubai. The company’s new offices at the Dubai International Financial Centre (DIFC) will allow the company to implement its ambitious expansion programme.
Mohammed Ali Al Hashimi, Zabeel Investments’ Executive Chairman, said: “As an investment company it makes sense to be located at the heart of Dubai’s financial hub, to be situated near to our partners, and to potential business alliances. DIFC provides us with strategic location through which to expand our profile, while allowing us to develop synergistic relationships with our neighbours.”
Sited in the East Wing Four building of Dubai’s financial centre, the Zabeel Investments team can also enjoy the community that is fast growing around DIFC, which has just celebrated its second anniversary. The leisure and retail opportunities, make DIFC a destination in itself.
His Excellency Dr. Omar Bin Sulaiman, Governer of the Dubai International Financial Centre, said: “One of the strategic objectives of the DIFC is to create an economic cluster of financial services companies and provide an environment of mutual collaboration and partnership. We are extremely glad to welcome a young national company with an impressive investment portfolio into the DIFC family as this marks another milestone for the Dubai International Financial Centre.”
Zabeel Investments, the developer behind an AED 6.4 billion property portfolio, was founded in February of this year. While the company is mainly focused in the areas of commercial and residential real estate development, it also specialises in the fields of private equity and asset management.
Al Hashimi concluded: “During 2007 we will be growing our team significantly, particularly through an Emiratisation programme. Building a strong team, with the best facilities is just a small part of what will be an exciting year for us.”