Latest news with #MohammedAlardhi
Biz Bahrain
20-05-2025
- Business
- Biz Bahrain
Investcorp to Invest in Port of Duqm expansion
Investcorp, a leading global alternative investment firm, today announces that its infrastructure platform has signed a cooperation agreement to invest in a $550 million infrastructure project in Port of Duqm in Oman. Investcorp Aberdeen Infrastructure Partners ('AIIP') – a joint venture with Aberdeen plc, will be the shareholder in the Project, alongside the Port of Duqm Company, the DEME Group and Port of Antwerp Bruges (jointly formed a consortium named 'CAP INFRA'). This investment is closely aligned with AIIP's mandate to invest in long-term concessions across the GCC countries and the broader MENA region, and its strategy to develop long-term partnerships with key industry players, such as the Port of Duqm Company and CAP INFRA. The new infrastructure at the Port of Duqm marks AIIP's fourth investment commitment, following ADNOC's Project Wave in the UAE and two infrastructure concessions for social and public assets in the KSA. The Port of Duqm, situated in the south-east of Oman with direct access to the Indian Ocean, serves as a crucial gateway and transit point for global trade and commerce, cementing its role as a strategically important infrastructure assets in Oman. Benefiting from a prime central location on the Omani coastline, the Port serves as a multipurpose hub, handling container shipments, dry and liquid bulks, general and bagged cargo. As part of the marine infrastructure works, dredging and construction of a new quay wall are envisaged which will service a new low-carbon industrial plant within the Special Economic Zone at Duqm. The plant aims to produce low CO2 iron metallics products and, ultimately, hydrogen powered steel, or 'green steel'. The port expansion and ultimate creation of a green steel plant aligns with Oman's Vision 2040 and the country's commitment to sustainable infrastructure development. The opportunity to invest in the project was a competitive process, with AIIP securing the mandate over four other parties. Mohammed Alardhi, Executive Chairman at Investcorp, commented: 'The Port of Duqm is one of the most strategically important seaports in the world. We are pleased to be investing not only in one of Oman's largest infrastructure projects, but in Oman's Vision 2040, contributing to the goal of achieving carbon neutrality by 2050.' Sami Neffati, Managing Partner of AIIP, commented: ''We are delighted to partner with the Port of Duqm Company and CAP INFRA to expand this important shipping hub and further secure trading routes to and from the region. Securing this transaction demonstrates our ability to offer investors access to unique opportunities. We are very excited about the region's infrastructure prospects.' Reggy Vermeulen, Chief Executive Officer at Port of Duqm Company, commented: 'We are proud to partner with a strategic foreign direct investment from AIIP, a renowned global investment group, to support the development of the port's infrastructure. This investment is a strong vote of confidence in the Port of Duqm's vision and future. It reflects the trust of international partners in our growth story and in Oman's broader economic ambitions under Vision 2040. Through this opportunity, we will not only increase capacity but also advance sustainable industry by supporting future-facing projects like green steel production.'
Khaleej Times
20-05-2025
- Business
- Khaleej Times
Investcorp to invest in expansion of Oman's Port of Duqm
Investcorp, a leading global alternative investment firm, on Monday announced that its infrastructure platform has signed a cooperation agreement to invest in a $550 million infrastructure project in Port of Duqm in Oman. Investcorp Aberdeen Infrastructure Partners ('AIIP') – a joint venture with Aberdeen plc, will be the shareholder in the project, alongside the Port of Duqm Company, the DEME Group and Port of Antwerp Bruges (jointly formed a consortium named CAP INFRA). This investment is closely aligned with AIIP's mandate to invest in long-term concessions across the GCC countries and the broader Middle East and North Africa (Mena) region, and its strategy to develop long-term partnerships with key industry players, such as the Port of Duqm Company and CAP INFRA. The new infrastructure at the Port of Duqm marks AIIP's fourth investment commitment, following Adnoc's Project Wave in the UAE and two infrastructure concessions for social and public assets in Saudi Arabia. The Port of Duqm, situated in the south-east of Oman with direct access to the Indian Ocean, serves as a crucial gateway and transit point for global trade and commerce, cementing its role as a strategically important infrastructure assets in Oman. Benefiting from a prime central location on the Omani coastline, the Port serves as a multipurpose hub, handling container shipments, dry and liquid bulks, general and bagged cargo. As part of the marine infrastructure works, dredging and construction of a new quay wall are envisaged which will service a new low-carbon industrial plant within the Special Economic Zone at Duqm. The plant aims to produce low CO2 iron metallics products and, ultimately, hydrogen powered steel, or 'green steel'. The port expansion and ultimate creation of a green steel plant aligns with Oman's Vision 2040 and the country's commitment to sustainable infrastructure development. The opportunity to invest in the project was a competitive process, with AIIP securing the mandate over four other parties. Mohammed Alardhi, Executive Chairman at Investcorp, commented: 'The Port of Duqm is one of the most strategically important seaports in the world. We are pleased to be investing not only in one of Oman's largest infrastructure projects, but in Oman's Vision 2040, contributing to the goal of achieving carbon neutrality by 2050.' Sami Neffati, Managing Partner of AIIP, commented: 'We are delighted to partner with the Port of Duqm Company and CAP INFRA to expand this important shipping hub and further secure trading routes to and from the region. Securing this transaction demonstrates our ability to offer investors access to unique opportunities. We are very excited about the region's infrastructure prospects.' Reggy Vermeulen, chief executive officer at Port of Duqm Company, commented: 'We are proud to partner with a strategic foreign direct investment from AIIP, a renowned global investment group, to support the development of the port's infrastructure. This investment is a strong vote of confidence in the Port of Duqm's vision and future. It reflects the trust of international partners in our growth story and in Oman's broader economic ambitions under Vision 2040. Through this opportunity, we will not only increase capacity but also advance sustainable industry by supporting future-facing projects like green steel production.'
Mid East Info
19-05-2025
- Business
- Mid East Info
Investcorp to Invest in Port of Duqm expansion - Middle East Business News and Information
$550 million to be invested through an investment consortium Manama, Bahrain — May, 2025 – Investcorp, a leading global alternative investment firm, today announces that its infrastructure platform has signed a cooperation agreement to invest in a $550 million infrastructure project in Port of Duqm in Oman. Investcorp Aberdeen Infrastructure Partners ('AIIP') – a joint venture with Aberdeen plc, will be the shareholder in the Project, alongside the Port of Duqm Company, the DEME Group and Port of Antwerp Bruges (jointly formed a consortium named 'CAP INFRA'). This investment is closely aligned with AIIP's mandate to invest in long-term concessions across the GCC countries and the broader MENA region, and its strategy to develop long-term partnerships with key industry players, such as the Port of Duqm Company and CAP INFRA. The new infrastructure at the Port of Duqm marks AIIP's fourth investment commitment, following ADNOC's Project Wave in the UAE and two infrastructure concessions for social and public assets in the KSA. The Port of Duqm, situated in the south-east of Oman with direct access to the Indian Ocean, serves as a crucial gateway and transit point for global trade and commerce, cementing its role as a strategically important infrastructure assets in Oman. Benefiting from a prime central location on the Omani coastline, the Port serves as a multipurpose hub, handling container shipments, dry and liquid bulks, general and bagged cargo. As part of the marine infrastructure works, dredging and construction of a new quay wall are envisaged which will service a new low-carbon industrial plant within the Special Economic Zone at Duqm. The plant aims to produce low CO2 iron metallics products and, ultimately, hydrogen powered steel, or 'green steel'. The port expansion and ultimate creation of a green steel plant aligns with Oman's Vision 2040 and the country's commitment to sustainable infrastructure development. The opportunity to invest in the project was a competitive process, with AIIP securing the mandate over four other parties. Mohammed Alardhi, Executive Chairman at Investcorp, commented: 'The Port of Duqm is one of the most strategically important seaports in the world. We are pleased to be investing not only in one of Oman's largest infrastructure projects, but in Oman's Vision 2040, contributing to the goal of achieving carbon neutrality by 2050.' Sami Neffati, Managing Partner of AIIP, commented: ''We are delighted to partner with the Port of Duqm Company and CAP INFRA to expand this important shipping hub and further secure trading routes to and from the region. Securing this transaction demonstrates our ability to offer investors access to unique opportunities. We are very excited about the region's infrastructure prospects.' Reggy Vermeulen, Chief Executive Officer at Port of Duqm Company, commented: 'We are proud to partner with a strategic foreign direct investment from AIIP, a renowned global investment group, to support the development of the port's infrastructure. This investment is a strong vote of confidence in the Port of Duqm's vision and future. It reflects the trust of international partners in our growth story and in Oman's broader economic ambitions under Vision 2040. Through this opportunity, we will not only increase capacity but also advance sustainable industry by supporting future-facing projects like green steel production.' bout Investcorp: Investcorp is a global investment manager specializing in alternative investments across four asset classes : Private Equity (Mid-Market Buyouts, Growth Investments, and GP Staking), Real Assets (Infrastructure and Real Estate), Credit (CLOs, Broadly Syndicated Loans & Structured Credit, and Middle-Market Direct Lending), and Liquid Strategies (Absolute Return Investments and Insurance Asset Management). Since our inception in 1982, we have focused on generating attractive returns for our clients and seeking to create long-term value in our portfolio companies by adopting a disciplined investment process, employing talented professionals, and utilizing the resources of a global institution with an innovative approach. We invest capital in our products and strategies, aligning interests with our clients and other stakeholders. We pursue sustainable value creation through our investments and in the communities in which we operate and take pride in partnering with clients to deliver tailored solutions for their needs. Today, Investcorp manages approximately $55 billion in assets, including assets managed by third party managers. Investcorp has 14 offices in the US, Europe, GCC and Asia, including, India, China, Japan and Singapore and employs approximately 500 people from 50 nationalities globally.
Observer
19-05-2025
- Business
- Observer
$550 million for Duqm port expansion
BUSINESS REPORTER MUSCAT, MAY 19 Investcorp, the global alternative investment firm, has announced a landmark $550 million investment in Oman's Port of Duqm, marking one of the largest foreign direct investments into the country's maritime infrastructure. The investment will be made through Investcorp Aberdeen Infrastructure Partners (AIIP), a joint venture between Investcorp and Aberdeen plc, and will be undertaken alongside the Port of Duqm Company and international partners DEME Group and Port of Antwerp-Bruges. The consortium, operating under the name 'CAP INFRA,' will spearhead the development. The deal marks AIIP's fourth major infrastructure commitment, following investments in ADNOC's Project Wave in the UAE and two public and social asset concessions in Saudi Arabia. It reinforces AIIP's focus on long-term infrastructure assets across the GCC and broader MENA region. Located on Oman's southeastern coast with direct access to the Indian Ocean, the Port of Duqm is positioned as a vital global trade and logistics hub. It plays a pivotal role in the Sultanate of Oman's economic diversification efforts and its Vision 2040 strategy. The expansion project includes major marine infrastructure works, such as dredging and the construction of a new quay wall, which will service a planned low-carbon industrial plant within the Special Economic Zone at Duqm. The facility is expected to produce low CO₂ iron metallics and eventually hydrogen-powered 'green steel,' aligning with Oman's net-zero ambitions. AIIP secured the investment mandate through a competitive bidding process that saw interest from four other parties. Mohammed Alardhi, Executive Chairman at Investcorp, said:'The Port of Duqm is one of the most strategically important seaports in the world. We are pleased to be investing not only in one of Oman's largest infrastructure projects, but in Oman's Vision 2040, contributing to the goal of achieving carbon neutrality by 2050.' Sami Neffati, Managing Partner of AIIP, stated: 'We are delighted to partner with the Port of Duqm Company and CAP INFRA to expand this important shipping hub and further secure trading routes to and from the region. Securing this transaction demonstrates our ability to offer investors access to unique opportunities. We are very excited about the region's infrastructure prospects.' Reggy Vermeulen, CEO of Port of Duqm Company, commented: 'We are proud to partner with a strategic foreign direct investment from AIIP, a renowned global investment group, to support the development of the port's infrastructure. This investment is a strong vote of confidence in the Port of Duqm's vision and future. It reflects the trust of international partners in our growth story and in Oman's broader economic ambitions under Vision 2040. Through this opportunity, we will not only increase capacity but also advance sustainable industry by supporting future-facing projects like green steel production.' The project is expected to significantly enhance Oman's port capacity and catalyse industrial growth in Duqm, further positioning the Sultanate of Oman as a regional leader in sustainable logistics and green industry.
Gulf Insider
19-05-2025
- Business
- Gulf Insider
Bahrain's Investcorp Takes On $550m Project In Omani Port
The Bahrain investment firm Investorp will pump in $550 million into an infrastructure project at Oman's Port of Duqm. The funding will be done through Investcorp's dedicated infrastructure platform. Investcorp Aberdeen Infrastructure Partners – the Gulf company's joint venture with Aberdeen plc – will be the shareholder in the Oman project along with the Port of Duqm Company, the DEME Group and Port of Antwerp Bruges. 'This investment is closely aligned with AIIP's mandate to invest in long-term concessions across the GCC countries and the broader MENA region,' said a statement. The Port of Duqm investment is Investcorp Aberdeen Infrastructure Partners' fourth such commitment, following its participation in ADNOC's Project Wave in the UAE and two infrastructure concessions for social and public assets in Saudi Arabia. 'We are pleased to be investing not only in one of Oman's largest infrastructure projects, but in Oman's Vision 2040, contributing to the goal of achieving carbon neutrality by 2050,' said Mohammed Alardhi, Executive Chairman at Investcorp. The Port of Duqm – in Oman's south-east and with direct access to the Indian Ocean – is a 'crucial gateway and transit point' for global trade and commerce. The Port operates as a multi-purpose hub, handling container shipments, dry and liquid bulks, general and bagged cargo. 'We are delighted to partner with the Port of Duqm Company and Cap Infra to expand this important shipping hub and further secure trading routes to and from the region,' said Sami Neffati, Managing Partner of Investcorp Aberdeen Infrastructure Partners. 'We are very excited about the region's infrastructure prospects.' (The Port of Duqm Company, the DEME Group and Port of Antwerp Bruges together form the 'Cap Infra' consortium.) What the new investments will create: As part of the Port of Duqm's marine infrastructure works, there will be dredging and construction of a new quay wall. This will service a new low-carbon industrial plant within the Special Economic Zone at Duqm. The plant aims to produce low CO2 iron metallics products and, later on, hydrogen-powered steel (or 'green steel').
