Advertise Venture Capital Fund Bahrain signed an agreement with Dar Al-Wasmi specialized in the manufacture of furniture and works of wood, which makes locally in Bahrain and owned by businessman Ali Marzook, agreement was signed at the signing ceremony was attended by Abdul Latif Janahi, chairman of the Venture Capital Fund Bahrain, and Dr. Ahmed essential, a member of the Board of Directors of the Fund and team-based Venture Capital Fund Bahrain on the one hand and businessman Ali Marzook.
In his comment, said Abdul Latif Janahi, said: «This agreement is our belief in the competencies of Bahrain and emphasis of the philosophy of the Fund and the business model, Venture Capital Bank to invest in SMEs and start-ups that are part of a large and influential in all the economies of the world, and contribute at the level of the Bahraini market significantly in the gross domestic product, representing small and medium-character family turn a large part of the national economy, adding that «I would like to point out that most of these institutions face difficult access to sources of funding is sufficient and appropriate to increase the size of its work and growth to achieve greater profitability, which is what we seek to be achieved through systematic Venture Capital Fund Bahrain-based investment in the ideas and energies of the owners and the owners of small and medium-sized companies to bring them up from local to regional levels through the existing partnership to invest in the capital ».
The two wings that «the Fund’s investment in Dar Al-Wasmi comes after they meet the investment criteria used to evaluate the precise investment opportunities, and being a Bahraini company has a successful and unique products with excellent scalability for growth and expansion as well as their enjoyment of the management of high-efficiency. The team of investment in the Fund, in cooperation with the owner of the company, the work of a detailed study of a comprehensive House Wasmi that build them has been under development master plan through which to promote its business model and determine the requirements that will be provided, and a plan of comprehensive future to ensure the success of this model, which will be proof of the success of the philosophy of investing in emerging and promising projects and business development. And management of the Fund is currently working on the study of more projects and family businesses in various sectors, is expected to contract and investing in these companies soon, God willing ». According to Dr. Ahmed El-Gohary said that «the furniture and timber industry in the GCC countries comparable in size to most global markets, where studies show that imports of products, furniture and decoration industry worth billions of dollars each year throughout the world are increasing.
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