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Investors - FEBRUARY 8, 2024

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Trilateral agreement reached to enhance Dubai’s renewable-energy infrastructure development

by Kali Persall

Raffles Family Office (RFO), the private office of Sheikh Ali Rashed Ali Saeed Al Maktoum (a member of a ruling Royal Family of Dubai) and National Cooperation New Energy (NCNE) have signed a trilateral memorandum of understanding to advance Dubai’s renewable-energy infrastructure development.

This first-of-its-kind partnership joins forces between an Asia Pacific multi-family office, a ruling royal family of Dubai and a leading EV infrastructure company toward a shared goal of harnessing opportunities arising from the tightening economic ties between China and the Middle East.

“This initiative is a testament to RFO's commitment to its impact investing mandate, honed over dedicated focus over the past years,” said Chi-man Kwan, group CEO and co-founder of RFO. “The partnership with the HH Private Office and NCNE is instrumental for RFO to leverage the significant potential within the region’s energy transition, specifically targeting renewable infrastructure

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