RMS Capital Investment, established by Reportage Properties (United Arab Emirates), MESA Holding, and Sabah Investment Group (Azerbaijan) through a collaborative signing ceremony in Istanbul, embarks on its journey with the vision of emerging as a formidable contender in the global market, Invest-Gate reports.
This partnership, formed among prominent real estate entities from Turkey, the United Arab Emirates, and Azerbaijan, aims to swiftly execute large-scale projects on a global scale.
Within the RMS Capital Investment consortium, Reportage Properties holds a 34% stake, MESA holds 33%, and Sabah Investment Group holds the remaining 33%.
The initial projects of this partnership are slated for realization in Dubai, Istanbul, and Baku during 2024 and 2025, with a collective investment totaling $600 mn. Financial backing will be provided by the partners, with project oversight centralized in Dubai.
During the signing event, Mert Boysanoğlu, CEO of MESA Holding, expressed, “Having operated in this sector for 55 years, MESA engages in investment and production across diverse industries. RMS began as a consortium keen on global real estate investments, with an approximate investment plan of $600 mn this year. Our inaugural project will commence in Dubai, followed by ventures in Turkey and Baku. I sign this agreement with unwavering confidence that our group will not only conduct business in these regions but also establish a more expansive global presence.”
In his address, Andrea Nucera, Managing Director of Reportage Properties, remarked, “Aligned with our aspiration to evolve into a global real estate enterprise, we are forging an international partnership with two influential real estate firms—MESA from Turkey and Sabah Investment Group from Azerbaijan—to launch the RMS collaboration. Our objective is to redefine real estate development through excellence, sustainability, and innovation, aiming to set a new benchmark in the industry.”
Orkhan Mustafayev, CEO of Sabah Investment Group, emphasized, “The joint venture involving Reportage, MESA, and Sabah marks a significant milestone for us and the markets in which we operate. Over the years, we have cultivated strong client relationships grounded in trust. This collaboration signifies another pivotal moment for us to offer enhanced opportunities to our clients, fortify our reputation, and forge new, prosperous partnerships.”