Portland Holdings Investco Limited and MBM Holding of Dubai ink MOU To Merge on Healthcare and Clean Energy
MBM Holding ("MBM"), one of the most prosperous and rapidly expanding private conglomerates in the United Arab Emirates, and Portland Holdings Investco Limited ("Portland"), a related entity of Portland Holdings, a privately held investment company based in Burlington, Ontario, Canada, are pleased to announce that they have signed a memorandum of understanding ("MOU") to work together on a variety of co-investments and partnerships, primarily in the fields of nuclear medicine and clean energy.
“I am thrilled to have the opportunity to collaborate with MBM to provide support in its mission to contribute to the economic development of Dubai, and the United Arab Emirates as a whole, and to implement the values and vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, the ruler of Dubai,” said Michael Lee-Chin, President and Chairman of Portland Holdings.
“We are delighted to announce our joint working initiative with the Portland Holdings group of companies in support of Dubai's visionary D33 Vision for a sustainable and prosperous future. Through our collective expertise in real estate, nuclear healthcare, and smart nuclear energy, we are committed to delivering innovative solutions that contribute to the sustainable development of UAE and the Middle East region as a whole,” said Saeed Al Mutawa, CEO of MBM Holding.
“Our partnership aligns perfectly with the vison of His Highness Mohammed bin Rashid Al Maktoum for Dubai and his ambitious plans for economic growth and environmental sustainability, and we are excited to work together to create lasting value for our stakeholders and the communities we serve. We believe that our unique combination of capabilities will enable us to address some of the most pressing challenges facing the region, and we are honored to be part of Dubai's journey towards a brighter future," added Saeed Al Mutawa.