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Dubai: A group of high-profile local businessmen has formed a big investment firm in Dubai. The group will launch projects in line with Dubai's Strategic Plan for 2015, sources confirmed on Tuesday.
Dubbed Dubai Infinity Holdings (DIH), the company was founded on the 36th National Day of the UAE and will operate under the guidance of an advisory board whose members come from "renowned local and regional corporate and government entities."
The company has named Samira Abdul Razzak, who was formerly with HSBC Bank Middle East and Tamweel, as its chief executive officer, making her the youngest UAE national female CEO.
The company did not disclose the kind of projects it is set to undertake, but sources said Dubai Infinity will focus on information technology, education, healthcare, lifestyle, real estate and entertainment sectors.
"Our strategic plans, which will be announced in due course are built on innovation with first-time projects which will no doubt differentiate our offering in the market," said Samira.
The company said in a statement that DIH's investment strategy will follow a two-pronged meth-odology - "both direct investments in start-ups as well as co-investments in existing companies."
It is set to explore investment opportunities in the emerging markets in the Middle East, North Africa and South Asia.
"It is no coincidence that DIH has been founded as we celebrate the 36th anniversary of the inception of the UAE.
"The newly investment enterprise will play a pivotal role in further building the economy of the UAE and Dubai in line with Dubai's Strategic Plan for 2015 as set forth by His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the United Arab Emirates and Ruler of Dubai," Samira said.
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