The Okay Group, the worldwide funding group of the Kyriakou household, and the Qatar Funding Authority (QIA), the funding fund of Qatar, announce that they’ve created an funding fund with capital of 1 billion {dollars} from QIA for Greece and overseas.
The fund can be managed by the Kyriakou Group (via its affiliated corporations) and also will make investments its personal funds.
The fund, in line with the related announcement, will give attention to quite a lot of sectors, equivalent to expertise, telecommunications, transport, logistics, transport, well being, tourism and others, each in Greece and internationally, whereas it won’t aimed on the media business.
It goals, in different phrases, to guage alternatives in most rising sectors of the Greek financial system and can put money into corporations that can profit considerably from the brand new funds with the help of the fund in Greece and internationally.
Fertile floor for brand new jobs
These investments are anticipated to create fertile floor for brand new jobs, to draw 1000’s of employees with experience and data, providing employment and improvement prospects.
This settlement involves be added to the already current collaborations of Kyriakou Group with enterprise giants of the Center East, in addition to different worldwide traders. It’s recalled that in the identical context there was a earlier collaboration between Thodoris Kyriakou, head of Okay Group, with the Arab media big MBC, attaining a multi-million settlement (225 million euros), and likewise with Fairfax Monetary Holdings Restricted, of Prem Vatsa, a of the biggest funding organizations worldwide, and just lately ordered the development of 12 new tankers in China.
Statements
Thodoris Kyriakou, shareholder of Okay Group, stated: “We’re excited to begin this partnership with QIA. We consider that the Greek financial system creates enticing prospects and alternatives for home in addition to worldwide traders. This settlement is completely aligned with our long-term dedication to create sustainable and rising companies in numerous industries.”
Mansoor Al-Mahmoud, CEO of QIA, stated: “QIA’s dedication to investing in Greece alerts our confidence within the dynamics of the Greek financial system, which, boosted by the attraction of overseas direct funding in recent times, continues to exceed in tempo improvement within the Eurozone. Similar to QIA, Okay Group’s philosophy relies on a long-term imaginative and prescient and dedication to fast-growing industries that provide options.”
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