[ad_1]
DUBAI, United Arab Emirates and BURLINGTON, Ontario, April 17, 2023 (GLOBE NEWSWIRE) — MBM Holding (“MBM”), one of the most successful and fastest growing private conglomerates in the United Arab Emirates, and Portland Holdings Investco Limited (“Portland”), related entities of Portland Holdings, a private investment firm based in Burlington, Ontario, Canada, is pleased to announce that they have entered into a Memorandum of Understanding (“MOU”) to invest in a series of joint investments and Partnerships to collaborate in the fields of nuclear medicine and targeted radionuclide therapy (“TRT”) as well as nuclear and clean energy.
“I am delighted to have the opportunity to work with MBM in support of its mission to contribute to the economic development of Dubai and the entire United Arab Emirates, and to realize the values and vision of His Highness Sheikh Mohammed bin Rashid, Ruler of Dubai Al Maktoum,” said Michael Lichin, president and chairman of Portland Holdings.
“Over the years, Portland Holdings has built portfolios in health sciences, nuclear energy and clean energy, both of which are strong long-term growth sectors. Countries around the world need innovations like TRT to curb rising cancer Incidence. In addition, many countries around the world want to transition to a net-zero carbon economy by 2050. Nuclear energy is considered one of the most reliable sources of reducing the global carbon footprint. In addition, other nuclear energy systems, such as micro-modular reactors, will The ability to produce hydrogen and steam, as well as electricity, can help strengthen global food and energy security.Some of the world’s most sophisticated investors, including sovereign wealth funds, private equity firms and pension plans, are seeking to invest in these important and ongoing Deploying substantial capital in growing industries. Portland Holdings Group Inc. has a proven track record of creating wealth for investors, institutions and countries. We are associated with $7 billion in companies across diverse industries and geographies and are well-known assets Management Company. Portland Holdings’ corporate slogan “Doing Good, Doing Good” is fully aligned with addressing both areas – tackling cancer and creating a clean and sustainable environment for future generations,” added Michael Lee-Chin .
“We are delighted to announce our joint work plan with Portland Holdings Group of Companies to support Dubai’s visionary D33 vision for a sustainable and prosperous future. Through our collective expertise in real estate, nuclear healthcare and smart nuclear energy , we are committed to providing innovative solutions that contribute to the sustainable development of the UAE and the entire Middle East region,” said Saeed Al Mutawa, CEO of MBM Holding.
“Our partnership is fully aligned with His Highness Mohammed bin Rashid Al Maktoum’s vision for Dubai and his ambitious plans for economic growth and environmental sustainability, and we are delighted to be working together for our Create lasting value for stakeholders and the communities we serve. We believe our unique combination of capabilities will enable us to address some of the most pressing challenges facing the region and we are proud to be part of Dubai’s journey towards a brighter future part of that,” Saeed Al Mutawa added.
“The UAE’s visionary leadership and commitment to growth and progress is a role model for the rest of the world. As such, we have been looking for strategically aligned partners in the UAE so that together we can address two of humanity’s greatest unmet needs.” Portland The holding group of companies, through its deep-rooted investments and partnerships, is well-positioned to serve as a global gateway to provide key technologies and intellectual property in the health sciences, nuclear and clean energy sectors. We are actively working with MBM’s partners to Create a collaborative framework to implement a range of investments and projects by ensuring we optimize our assets today for a better tomorrow,” said Agha Raza, Chief Operating Officer, Real Estate and Development, Portland Holdings Business and International Business Development Director.
About MBM Holdings
MBM is an investment company primarily engaged in financial services, real estate development, investments, innovative solutions in artificial intelligence, vertical farming, consulting, energy conservation and healthcare. The company aims to bring global expertise to Dubai and add substantial value to the development of the aforementioned industries. Together with partners from all over the world, MBM is proving with new and innovative concepts that not only contribute to the development of Dubai, but also fulfill the values of Sheikh Mohammed bin Rashid Al Maktoum’s mission and vision . With a credible and proven track record of successful leadership, MBM is one of the most successful and fastest growing entities in the UAE.For more information on MBM Holdings, please visit www.mbmholding.ae.
About Portland Holdings
Headquartered in Burlington, Ontario, Canada, with ongoing new deployments in the United States and Canada, Portland Holdings is a privately held investment firm that manages public and private equity. The Portland Holdings group of companies has direct ownership interests in a diverse range of businesses around the world, with businesses in the life sciences, clean energy, travel, agriculture, insurance, consumer products and financial services, among others. Portland Holdings operates in more than 20 countries and is responsible for the direct and indirect employment of thousands of people in the Americas, including Canada and the Caribbean.For more information on Portland Holdings, visit www.portlandholdings.com.
MBM Holdings Contact Information
jamaluddin riyadh
riyadh@mbmholding.ae
+971 58 896 1000
Portland Holdings Contacts
Agalasa
araza@aicgh.com
+1 905 331 4242
[ad_2]
Source link