Dubai’s Relam Investment to invest $250m in India

Dubai-based Relam Investment has entered the Indian market with an initial commitment to invest $250 million in real estate over the next five years.

Relam Investment was formed this month by UAE-based Vault Investment and Vietnamese MIG Holding. The new company was announced during a press conference held on May 6 at the Intercontinental Hotel Dubai Festival City and attended by a number of senior government officials and investors from around the UAE.

The firm will also invest in the energy, oil and gas, trading, healthcare, food and beverage, retail, agriculture, and technology sectors.