8th December 2020, Dubai, United Arab Emirates: ABiQ Business Intelligence (ABiQ) signed an MoU with Global Islamic Financial Services Firm (GIFS) based in Dubai, United Arab Emirates, South Africa, and Turkey who provide financing and investment for infrastructure projects, government projects, and private equity deals. Under this agreement, ABiQ will leverage its extensive database to assist Global Islamic Financial Services Firm to identify investment and financing opportunities.

ABiQ is tracking over US$4 trillion worth of active project opportunities in Africa and the Middle East, including critical information such as ultimate business owners and decision-makers. Through its analytical capability, ABiQ identifies the top developers, contractors, and consultants in any Middle East and African market and sector, helping to minimise risk during the development period.

Commenting on the MoU, Emil Rademeyer, General Manager of ABiQ said, “This is a key milestone in connecting upcoming projects with potential investment opportunities. It has been a long time coming and we have invested heavily in developing trusted and reliable content as well as the analytical capabilities of our platform for our subscribers over the last few years.”

Rademeyer added. “Now we can identify viable and sustainable projects in the private and government sector, as well as PPP [Public-Private-Partnerships] projects and bring much-needed funding to the table”.

Mufti Ismail Desai, CEO of Global Islamic Financial Services Firm said, “We have a successful track record of arranging more than US$4.3 billion in investment and funding for key projects across governments, private sector including listed-,unlisted companies and PPP’s. With this agreement, we can work with ABiQ to identify investment and funding opportunities”.

About Global Islamic Financial Services

Global Islamic Financial Services Firm is a leading global audit, advisory, tax, accounting, investment management, and corporate finance firm with a strong Islamic finance practice. We offer innovative, market-leading services and products to corporates, financial institutions, export credit agencies, investment banks, and governments on Shari’a-compliant banking facilities, Sukuk, structured financing products, private equity, and project financing.

Press coverage:

https://www.khaleejtimes.com/business/dubai-based-gifs-allocates-1b-for-projects-identified-by-abiq

https://www.arabianbusiness.com/construction/455616-dubai-investment-bank-allocates-1bn-for-middle-east-africa-construction-projects

https://www.constructionweekonline.com/projects-and-tenders/269413-gifs-to-allocate-1bn-for-mea-based-infra-public-private-projects 

https://www.zawya.com/mena/en/press-releases/story/Dubai_based_Investment_Bank_allocates_1bln_to_fund_projects_identified_by_Global_Business_Intelligence_Firm-ZAWYA20201208100335/

https://www.salaamgateway.com/story/dubai-based-investment-bank-allocates-1-billion-to-fund-projects-identified-by-global-business-intel

https://www.propertynews.ae/uncategorized/2020/12/09/dubai-investment-bank-allocates-1bn-for-middle-east-africa-construction-projects/ 

https://news.writecaliber.com/economy-united-arab-emirates-dubai-investment-bank-allocates-1bn-for-middle-east-africa-construction-projects/

http://www.tradearabia.com/news/BANK_376114.html 

https://www.biztoday.news/2020/12/08/abiq-business-intelligence-signs-mou-with-global-islamic-financial-services-firm/

https://blog.dubaicityguide.com/site/

 

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