Bahrain's Arbah Global Unveils Nanotechnology Fund
Summary posted by Meridian on 5/27/2008
Source: MENAFN
Author: n/a
Bahrain-based investment company Arbah Global has launched the Arbah Nanotechnology Fund, a private equity fund of US$100 million that will invest in global nanotechnology companies and technology and biotechnology companies which may benefit from nanotechnology. The article says that the fund is “the first of its kind to be launched in the Middle East and North Africa region.” Arbah Nanotechnology Fund manager James J. Berlino said that the Fund will transfer knowledge and applications through cooperations with nanotechnology institutes in the Cooperation Council for the Arab States of the Gulf (GCC) focusing specifically on applications for the oil, gas, and petrochemical industries. Berlino said: “Manipulating matter at the molecular and atomic levels will impact all aspects of manufacturing in most sectors from energy inputs to manufacturing processes, to cost reductions, to ramping volumes. With the world currently suffering from capacity shortages and limitations in everything from food to energy to network and storage compute, the Arbah team intends to invest in companies that can breakthrough these barriers with nanotechnology, and deliver superior products at attractive prices to markets and industries suffering from shortages and capacity limitations. The opportunity to unleash and capture global demand in so many different industries is remarkable." Berlino further said that Saudi Arabia is preparing to establish a “nanotechnology economy.” The article can be viewed online at the link below.
The original article may still be available at www.menafn.com/qn_news_story_s.asp?StoryId=1093198181
As tagged by Meridian Institute:
Energy:
Petroleum
Implications:
Economic Competitiveness
Regions:
Central and West Asia and North Africa (CWANA)
Stakeholders:
Industry
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