Yesterday in Istanbul, a consortium called RMS Capital Investment was launched with a joint investment of $600 million in projects in Dubai, Istanbul and Baku over the next two years by the UAE’s Reportage Real Estate, Turkey’s Mesa Holding and Sabah Investment Group, a real estate company operating in the UAE, Turkey and Azerbaijan. This strategic alliance brings together three real estate leaders, pooling their expertise to deliver innovative and sustainable real estate projects.
The new company aims to become a strong player in the global market by developing major projects globally as quickly as possible.
Reportage Real Estate owns a 34% stake in the new company, while Mesa Holding owns 33% and Sabah Investment Group owns 33%. A press release notes that the triple name “RMS”, made up of the initials of the three brands, symbolizes the shared vision of these brands, which includes trust, quality, customer satisfaction, sustainability, innovation and social contribution.
The first partnership projects will be implemented in Dubai, Istanbul and Baku between 2024 and 2025, with a total investment of USD 600 million. Financing will be provided by the partners, while the central management of the projects will be organized from Dubai.
RMS Capital Investment aims to achieve success not only regionally, but also globally by developing innovative and sustainable projects in the real estate sector, and providing the highest value to its clients and business partners through future projects and investments.
