Business | General
Catalyst Investment floats subsidiary
Catalyst Investment Management Co recently announced the launch of a new Dh296 million ($80 million) subsidiary Energy and Water Technology Investment Co.
- Staff Report
- Published: 00:00 June 20, 2006
Dubai: Catalyst Investment Management Co recently announced the launch of a new Dh296 million ($80 million) subsidiary Energy and Water Technology Investment Co.
The new company will promote the development of products, services and technologies in the Arab world, focused on the region's strengths.
Ennis Rimawi, Managing Partner of Catalyst, said, "Everyone talks about building sustainable knowledge-based industries and economies, we are focused on doing it in the areas where the region has a competitive advantage globally.
"By its nature, the energy and water sector's vendor-base provides short-horizon investments with exceptional returns as well as providing job-creation and technology transfer for the region's most strategic sectors. The lack of the right type of institutional investor and hands-on support for young growing companies has stifled the development of an internationally-viable industrial supplier-base in the region."
Catalyst will provide equity investment to companies in the region including joint-ventures and spin-offs from industrials. It will tap into invention, manufacturing, engineering, support and other strengths in the Arab region, recognised as one of the leading markets in the world for the energy and water sectors.
The company's founding investors are from strategic groups from the GCC, Levant and North Africa.
Catalyst also has special partnerships with and support from leading industrials in the oil and gas and water sectors.
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