Gulf Islamic Investments expands investments into lucrative transportation and logistic
Gulf Islamic Investments LLC (GII) successfully completed a Shari’ah compliant growth capital financing round for Bion Group and further expands its investment portfolio with a foray into the lucrative transportation and logistics industry.
Bion Group is ranked number one heavy haul transportation company by customer base and ranked number four heavy haul transportation company by trucks fleet size in the UAE and is a well-renowned and leading quality-driven business in the heavy haul transportation segment with over a decade of experience.
The Group provides a unique approach as it is the only integrated company to cover both heavy haul transportation services and the manufacturing of heavy transport equipment, primarily producing multiple formats of light-weight trailers and tippers.
Mohammed Al-Hassan, Chief Executive Officer, Gulf Islamic Investments, commented: “Transport sector is at the forefront of the GCC region currently, with hundreds of billions of new infrastructure and construction projects, But it requires a new investment to expand the business base of “Bion" and increase its competitiveness, we have provided the capital needed to put “Bion” in a better position and to achieve excellent returns for our partners and investors.”
Pankaj Gupta, Co-Founder and Co-CEO of Gulf Islamic Investments added: “With the UAE markets maintaining recovery mode, this is an excellent opportunity for Bion Group to take full advantage of the uptrends in the ever-increasing construction sector. GII is glad to be Bion’s partner for growth with the Group’s expansion targets in its product and services and by enabling the Group to tap into GII’s vast network of clients and penetrate untapped markets of nearby GCC nations”
Noas Al Rawi, CEO of Bion Group commented: “Today marks a significant milestone with Bion Group as with the assistance of GII we continue on course to capitalize on
our organic expansion plans to improve our services portfolio and increase production capacity and operational efficiencies in our state-of-the-art manufacturing facility in the heart of Dubai Industrial City. Furthermore, we will also scale up our transportation arm targeting attractive industries such as refrigerated transportation and further consolidate our position in the country’s construction sector. We look forward to nurturing this partnership in the years to come.””