Diversified Dubai-based business conglomerate Najibi has just opened the doors to an investment and development company on Australia’s Sunshine Coast. Sanad Capital will serve as an investment springboard for a diverse range of local projects – particularly community-based, family-friendly and active-lifestyle destinations.
“The Sunshine Coast is the perfect location for us to launch our new venture. This move is a part of our overall diversification and we believe that the time is perfect to invest more in Australia,” says Talal Y. Najibi, Executive Chairman of Najibi.
Najibi’s latest foray into Australia through the establishment of Sanad Capital came after a recent decision to diversify the company’s business operations and assets across industries and beyond GCC boundaries.
“One of our primary objectives is to explore the investment potential by developing a host of eco-friendly, community-centric projects. Currently, the Sunshine Coast attracts 9 million tourists per annum with an average stay of 13.4 nights. We’re looking to scale up long-term progressive and economic growth within the Sunshine Coast by delivering special projects,” notes founder and CEO of Sanad Capital, Bradley P. Sutherland.
Incidentally, while bilateral relations between the UAE and Australia are underpinned by a long history of extensive trade relations – the UAE ranks as Australia’s largest trading partner in the Middle East – investment flows between the two nations have also seen heavy growth recently: at last count, at the end of 2014, the UAE’s investment in Australia was estimated at USD 26 billion, and Australia’s investment in the UAE was calculated at USD 2.4 billion.
David Baird, Chief Operating Officer of Sanad Capital, adds: “The demand on Australian infrastructure to keep pace with its growing population and its burgeoning economy is mounting. Australia has proved a safe haven for investments and ventures because of its financial stability, and through the establishment of Sanad Capital, we’re hoping to attract international brands and alliances to our promising projects in and around the Sunshine Coast.”
Sanad Capital’s operations and business services will span project investment, private equity, retail, pre-IPO capital and joint ventures.
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