New Investment Firm to Target Gulf’s Industrial Sector
A Gulf-based investment company worth USD 100 million will target and stimulate the region’s industrial sector.
Faisal Al Anjari, Chairman of Al Jawhara Holding, said in an interview with CNBC Arabiya that the company will launch by end of March and include investors from Saudi Arabia, Qatar, Kuwait and the UAE.
Al Anjari believes that investors have too often neglected the Gulf’s industrial sector. “However, all the investment requirements are available in regard to capital, raw materials and government support,” he said.
Even though the global economic crisis has clearly affected the Gulf’s banking sector and financial markets, the industrial sector still remains very attractive for investors, Al Anjari added.
As the region’s first and premier 24-hour live Arabic Business TV channel, CNBC Arabiya recently re-launched to include 12 new programmes. Along with a new programming schedule, the CNBC Arabiya re-launch reveals a brand new studio layout.
