Asset manager Core International Holdings is investing AED 5 bn over the next five years to boost its portfolio holdings in education, real estate, and financial management, state news agency Wam reports. The primary objective of the investment will be to “enhance the education and scientific publishing sector via its education arm,” Dar Al Marefah, CEO Hany Sabry said, without clarifying the exact breakdown of investments.

The company will also look at land acquisition, development, and project management through its real estate arm, Ara Real Estate Development, and is eyeing Saudi Arabia for investments, according to Wam.

That’s on top of a fresh AED 22 bn investment Ara recently made into a new gated community in Madinat Jumeirah in Abu Dhabi, dubbed Arabian Hills Estate, which it will manage and develop.

The investment firm has five subsidiaries, spanning real estate, education, asset management and financial services — with its asset management arm alone holding AED 723 mn assets, its real estate arm owning an AED 369 mn land bank.

OTHER INVESTMENT NEWS-

Investcorp launches USD 1 bn fund for GCC, China investments: Mubadala-backed Bahraini asset manager Investcorp launched a new USD 1 bn investment fund, Investcorp Golden Horizon, geared towards investing in high-growth companies in consumer, healthcare, logistics, and business services across Saudi Arabia, the wider GCC region, and China, according to a statement. China’s sovereign wealth fund the China Investment Corporation, alongside private investors from the GCC, will anchor the fund.

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