RMS Capital Investment, formed by Reportage Properties (UAE), MESA Holding, and Sabah Investment Group (Azerbaijan), have joined forces to form RMS Capital Investment to realize large projects globally as soon as possible.
Reportage Properties owns 38%, MESA owns 33%, and Sabah Investment Group owns 33% of the RMS Capital Investment partnership structure.
Investment Plans and Project Details
The partnership’s first projects will be implemented in Dubai, Istanbul, and Baku in 2024 and 2025 at a total cost of USD 600 million. The projects’ central management will be based in Dubai, and the partners will supply the funding.
MESA Holding’s Perspective
Mert Boysanoğlu, CEO of MESA Holding, said, “As MESA, we have been working in this sector for 55 years. We make both investment and production in many different sectors. RMS started as a group that wanted to invest globally, especially in housing investments. As three groups, we have an investment plan of approximately 600 million dollars this year. The first one will start with a project in Dubai, and then we will continue in Turkey and Baku. I am signing this agreement with full faith that this group will not only do business in these regions but also become a more global player.“
Reportage Properties’ Vision
Andrea Nucera, Managing Director of Reportage Properties, stated the following in his speech: “In line with our vision to become a global real estate company, we are signing an international cooperation with two giant real estate companies such as MESA from Turkey and Sabah Investment Group from Azerbaijan and launching the RMS cooperation. We aim to make a difference in real estate development by redefining real estate through excellence, sustainability, and innovation. As 3 of the world’s leading real estate companies, we will grow our agenda and increase our potential with RMS cooperation.“
Sabah Investment Group’s Commitment
Orkhan Mustafayev, CEO of Sabah Investment Group, said: “The joint venture between Reportage, MESA, and Sabah is an important moment not only for us but also for the markets we already operate in. Over the years, we have built important relationships with our clients based on trust. This joint venture is another milestone for us to provide better opportunities for our clients, enhance our reputation, and build new, successful partnerships. RMS now combines the reputations of all three partner companies, and our customers can benefit from the combined powerhouse that this joint venture represents.“
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Conclusion
The formation of RMS Capital Investment marks a significant milestone in the global real estate industry. By combining the strengths, expertise, and resources of three major players – Reportage Properties, MESA Holding, and Sabah Investment Group – this joint venture is poised to impact the international property market substantially. With a planned investment of $600 million and projects set to launch in Dubai, Istanbul, and Baku, RMS Capital Investment demonstrates its commitment to growth and innovation. This collaboration not only strengthens the position of each partner company but also promises to deliver enhanced value and opportunities for clients across multiple markets. As RMS Capital Investment embarks on its journey, it is set to redefine excellence in real estate development globally.
