Gulf Islamic Investments (GII) has announced its participation in a consortium led by Brookfield Asset Management to acquire a significant stake in Dubai-based Gems Education. This strategic investment is poised to strengthen Gems’ position as the leading private K-12 education provider in the Middle East.
This investment represents GII’s second collaboration with Brookfield in 2024. Earlier this year, GII divested its majority stake in its UAE logistics business to Brookfield. The funds from this new venture will aid Gems in expanding its operations, including the launch of two new schools in Dubai and Abu Dhabi this August. By September 2024, Gems aims to serve over 140,000 students across its 46 schools in the UAE and Qatar.
Sunny Varkey, founder of Gems Education, underscored the company’s rapid growth and its pivotal role in the region’s educational landscape. “These investments highlight the quality and critical infrastructure we provide collectively for the UAE,” Varkey remarked.
Pankaj Gupta, co-founder and co-CEO of GII, emphasized that this investment aligns with the UAE’s commitment to educational excellence and economic advancement. “Our support will enable Gems to accelerate its growth plans,” Gupta stated.
Mohammed Alhassan, GII’s co-founder and co-CEO, noted that this latest investment reflects GII’s ongoing dedication to educational and economic development in the GCC region. “Our extensive portfolio across various sectors underscores our commitment to advancing these crucial areas,” Alhassan added.
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