Dubai Investments announces joint venture with RED House SAL to manage the Development of Mega projects in KSA RED House Group explores Business Opportunities in Russia    
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In response to the invitation of the Foundation for the modernization and development of technology in Russian Federation and the Volgograd Regional Development Corporation, four-member delegation of Al Beaini Holdings and RED House Group visited the Russian Federation on June 3rd till June 9th to explore business opportunities. The delegation presided by Mr. Mazen Beaini, Al Beaini Holdings and RED House Group Chairman, was on a week tour over Moscow, Volgograd and Karelia. The delegation held talks with government officials and local business communities with view to identifying and assessing business opportunities related to Al Beaini Holdings and RED House Group main fields of interests as Real Estate Investments and Development, Logistics, Hospitality, Agriculture, Agriculture trade and Agro-industry. “We were honored to invite and organize the visit of Al Beaini Holdings and RED House Group. There were many constructive discussions during this visit and we look forward to continuing our dialogue in the future,” said Vyacheslav Reshetnikov, on behalf of the Foundation for the modernization and development of technology. Mr. Hussein Chami, RED House Group Business Development Director, affirmed that RED House strategy conceives diversification in its Investments and Development portfolio while many opportunities in the Logistics and Mix-Use Developments fields are very attractive in Russia. Eng. Jamal Beaini, Al Beaini Holdings head consultant for Agro Business, stated that Al Beaini Holdings under its subsidiary companies Agripital and Nutrital plans to expand its operation in Fertilizers, Timber, Wheat and Barley production, processing, trading agro-processing and food-related sectors. Speaking during the meeting with Dr. Mikhail Sokolov, Deputy Head of the Republic of Karelia, Mr. Mazen Beaini expressed his gratitude for the organization of the trip in Karelia managed by Mr. Alexander PRILEPIN. Mr. Beaini conveyed his admiration of the natural resources of Karelia and the limitless opportunities of investments and development in different fields. He added that he hopes that the visit to Russia would result in “real and active partnerships,” especially in the marketing of agricultural products, farmland, fertilizers, Development, and other sectors. “Whereas Al Beaini Holdings and RED House Group are strategically and duly positioned in the MENA region especially in the Middle East and the Arabian Gulf, we confident that as an active and energetic private sector entity, our group can play a major role in improving the bilateral business relationships between Russia and the Middle East. I am excited at the opportunity of doing business in Russia and we are looking forward for an active partnership with our Russian friends and business partners” said Mr. Beaini.
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