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EFG-Hermes Private Equity will be the largest shareholder in the company and will be actively supporting the company's management in their expansion strategy in the UAE and other countries in the Gulf.
"We are extremely pleased to partner with GHS in what we believe is a very attractive opportunity to capitalize on the record growth in the construction, real estate and hospitality sectors in the region" said Walid Zein, Managing Partner at EFG-Hermes Private Equity.
Industry sources estimate the total value of announced regional construction projects will surpass $2 trillion over the coming years.
Commenting on the EFG-Hermes Private Equity investment in GHS, Juan Fernando Valdivieso, GHS co-founder and CEO, said:
"We are delighted to welcome EFG-Hermes Private Equity as our largest investor and we look forward to working with their team in continuing to deliver superior staff accommodation facilities in the UAE and across the GCC. Partnering with one of the leading private equity firms in the region will help us accelerate our growth plans and meet our strategic objectives."
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Posted by Eman Hassan
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