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GCF I Investments
| Growth Capital Fund I Investments |
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| Portfolio Company |
Description |
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L’Azurde (the “Company”) is the largest gold and jewellery manufacturer in the region. The Company commenced operations in 1980 in Saudi Arabia and opened a second manufacturing plant in Egypt in 2004, which now accounts for 15% of production. L’Azurde sells its products through its wholesale network and its own retail showrooms. The majority of net sales are generated by wholesale operations, with the Company’s retail operations consisting of 18 showrooms in major cities in the UAE and KSA. It currently employs approximately 2,260 people, of which approximately 540 are based in Egypt.
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Depa United Group (“DUG”) is among the ten largest specialty contractors by revenue in the world, and the largest in the MENA. The flagship arm of DUG is DEPA Interiors, a company specializing in full scope fit-out and furnishing of five-star luxury hotels, yachts, and facilities. Depa has established a vast international portfolio of projects, which include the interior fit-outs of Burj Dubai, Burj Al Arab and Emirates Palace Hotel in the UAE, the Museum of Islamic Art in Qatar, and the Four Seasons and Hilton Hotel in Egypt. Over the past two years, DUG has completed 33 interior contracting projects. |
| Project Intensity |
The Company provides embedded technologies based IT solutions to the power, oil & gas, and water sectors in India, and supported by infrastructure deployment services on partial or total turnkey basis to power utilities. The Company is listed in Indian stock exchanges (BSE Sensex, NSE) and has two main activities of business: developing IT solutions & services, and providing infrastructure deployment services. The Company has a strong presence in the Indian power sector and is gaining steady momentum in other sectors like oil & gas and water sectors. The Company’s growth is bolstered by strong research and development which has successfully developed patented products. |
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Dubai Contracting Company (“DCC”) is a leading contractor focused on construction projects that has an impressive portfolio of completed projects and a very healthy pipeline of contracts. DCC performs such projects on a turnkey basis and cooperates with leading architectural and engineering consultants as well as subcontractors, such as lighting, plumbing, air conditioning and security systems to construct premium commercial and residential buildings. DCC employs 5,036 people, of whom 144 are senior project employees, 299 are mid-level project employees and 4,593 are labourers.
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Emaar MGF Land Private Limited (“EMGF”) is a Joint Venture (“JV”) between Dubai’s Emaar Properties PJSC and India’s MGF Developments Limited. EMGF is engaged in the development of world class townships, apartments, malls and infrastructure projects across India. EMGF’s strategy is to develop global standard IT parks and set Special Economic Zones (SEZ’s) for goods manufacturing and services rendered in India. |
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