Conflict isn’t slowing deals for Gulf’s fastest growing investment firm
BlueFive Capital founder and CEO Hazem Ben-Gacem has used its $15 billion to invest in driverless deliveries, supercars, and Shariah-compliant finance.
Despite a global conflict, BlueFive Capital, one of the Gulf's fastest-growing investment firms, is not slowing down its deal-making pace. Hazem Ben-Gacem, BlueFive's founder and CEO, discussed the firm's strategy and recent successes in an interview with Semafor. The war does not seem to affect the Gulf sovereign funds, as Ben-Gacem counts members of the region's royal families, except Qatar, as founding shareholders.
BlueFive Capital has amassed $15 billion in assets under management and recently took a 30% stake in the supercar company Bugatti. The firm also backed an Islamic digital bank. The AI strategy of BlueFive is influenced by the demographics in the Gulf, which heavily relies on expat labor for services and tourism. The firm's AI investments target technology transfer to the Gulf region.
To address the gap in automation due to expat labor, BlueFive opened an office in Beijing and plans to open another in Indonesia, the world's most populous Muslim nation. Ben-Gacem believes that having a "Made in Mecca" label on Islamic products would be valuable for customers in Southeast Asia. The firm is considering acquiring a local stock exchange in the region to convert it into a digital asset exchange.
Written by urgent.news from Semafor's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
