Dubai-based Gulf Islamic Investments (GII) has announced the formation of a new company in Bahrain.
The sharia-compliant alternative investment firm has named its new venture Gulf Ventures Capital.
It will primarily focus on investment in the food industry with a particular interest in food sustainability, agriculture and aquaculture.
The GCC food market is forecast to grow at a CAGR of 3.15% between 2022 and 2026.
The launch of the new business is part of GII’s strategy to expand its geographic footprint both regionally and globally.
“Our commitment to building and increasing our footprint is testament to our firm belief in the thriving GCC market,” said Mohammed Al Hassan, co-founder and co-CEO of GII
“We see significant growth potential in food projects and logistics in Bahrain and the larger GCC region,” he added.
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