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A fund designed to tap into the potential for development of molecular and atomic-sized particle technology was launched at the 4th Annual World Islamic Funds and Capital Markets Conference yesterday. Arbah Global, a Bahrain-based investment arm of Arbah Capital, announced the launch of the Arbah Nanotechnology Fund, which aims to raise around $100 million and run for five years.
The fund's senior vice-president James Berlino said that nanotechnology could see the kind of growth in technology not seen since the arrival of the Internet in the 1990s and could herald a new industrial revolution.
Nanotechnology is already in use in extremely fine filters used to remove sulphur from oil and has tremendous applications across a wide range of industries, he said.
Mr Berlino said with the world currently suffering from capacity shortages and limitations in everything from food to energy to network and storage compute, the Arbah team intends to invest in companies that can breakthrough these barriers with nanotechnology, and deliver superior products at attractive prices to markets and industries suffering from shortages and capacity limitations
"The opportunity to unleash and capture global demand in so many different industries is remarkable."
"Manipulating matter at the molecular and atomic levels will impact all aspects of manufacturing in most sectors from energy inputs to manufacturing processes, to cost reductions, to ramping volumes," he said.
"It clearly could lead to a new industrial revolution, and this historical change will create some significant investment opportunities particularly in energy, technology and biotechnology. The number of opportunities will surpass by many folds those created by the Internet and IT wave," Mr Berlino said.
It is a Sharia-compliant private equity fund, the first of its kind to launch in the Mena region, and it will invest in shares and equity-oriented securities of companies with a particular emphasis on global nanotechnology companies.
"The investment is aimed at providing Arbah Global's investors across the GCC and beyond with access to a unique investment. We are confident that we have positioned the fund to benefit from the strong market dynamics this new technology will condition," said Arbah Global chief executive officer Dhafer Alqahtani.
"It is an extremely interesting time to be investing in the world of nanotechnology. The possibilities with nanotechnology are endless. Nanotechnology-enabled products are already being used in industry.
"So much of what we do in the future will be involved with this technology that the opportunities are potentially limitless. If investment is about discovering opportunities for growth, then nanotechnology is an obvious choice for those with an eye to the future," said Mr Alqahtani.
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