Aims to attract FDI into high growth markets
BBN Report
DUBAI/November 18-2020: Shuaa Capital, the leading asset management and investment banking platform in the region, today announced its new partnership with Arton Capital.
Arton Capital is a leading global expert advisory specialising in investment-based social impact programs aimed at encouraging foreign direct investment through the establishment of real estate development funds focused on high growth markets.
Leveraging Shuaa’s expertise in asset management and real estate development and Arton Capital’s experience in financial advisory focused on investment programmes for residence and citizenship; the partnership aims to create investment products and opportunities including a 100 million euro fund, which will attract foreign investment into markets such as Montenegro and satisfy the growing demand for second residency and citizenship programs.
Good returns
A Shuaa statement said the funds will target returns in excess of 20 per cent through the acquisition, development and sale of real estate projects to investors seeking second residency and citizenship.
Two mixed-use projects in Montenegro have already been identified as potential investments ready to apply for approval by the Montenegrin government within their Citizenship by Investment portfolio of qualified projects.
Citizenship by Investment
Commenting on the partnership, Mustafa Kheriba (seen in the picture – top), Deputy CEO and Head of Asset Management at SHUAA, said the Citizenship by Investment is a competitive global market and the COVID-19 pandemic has only further increased demand as more and more people across the world are now thinking of how to medically, socially and financially secure their future.
Armand Arton (seen in the picture – bottom), founder and president of Arton Capital, said that the ability to attract foreign direct investments is essential for countries, especially during these times.
“This partnership will play a key role in helping governments attract foreign direct investment to help boost economic development and growth,” said Arton.
With over 12 government mandates, Arton has been instrumental in attracting more than $4 billion in foreign direct investment (FDI) to countries through social impact investment programs in the last 5 years related to residency and citizenship.