Gulf Islamic Investments (GII) has announced the creation of a joint venture (JV) with the US asset management firm FD Stone Water (FDS), according to a company statement released on Sunday.
GII is a UAE-based Islamic financial services company managing over $1.5 billion assets in the US, UK, Germany, and the UAE.
“The Joint Venture is line with the strategic objective of GII to have strong partners in each target market to identify and execute unique investment opportunities for the benefit of our investors,” CEO of GII Mohammed Al Hassan commented
FDS is an asset management firm with national capabilities to manage real estate investments in the US
“Investment from GCC into US Commercial Market has been growing in recent years and we are happy to have partnered with GII to realize such opportunities,” principal of FDS David Stade said.