Gulf Investment Corporation (GIC)
Company description
Gulf Investment Corporation is a venture capital arm of The Cooperation Council for the Arab States of the Gulf specializing in direct investments in private companies and new business ventures. The firm prefers to invest in the utility sector with a focus on power, water, telecommunications, and other infrastructure, chemicals and metals, diversified industrials, materials, healthcare, agriculture, consumer staples, Industrial Development, consumer discretionary, financials, financial services, petrochemicals, steel, and electricity.
Company details
Participation in projects
Projects as Project Owner per Country ()
Projects as Project Owner per Subsector ()
Loading ...
The company has not participated in any projects.
| Country | Project | Current stage | Value (USD MM) | Sectors | Updated | Details |
|---|
Loading ...
Loading ...
| Country | Transaction | Type | Sectors | Updated | Details |
|---|
Loading more transactions...
Loading ...
Company updates
-
-
June 19, 2023
900 MW 5th phase of Solar Park launched in UAE
DEWA has inaugurated the 900 MW fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park in Seih Al-Dahal, south of Dubai, UAE.
Read more -
January 31, 2022
Equinix, GIC to build South Korean data centers
Equinix, Inc. has signed an agreement to form a US$525 million joint venture in the form of a limited liability partnership with GIC, Singapore's sovereign wealth fund, to develop and operate two xSca...
Read more -
January 28, 2022
ACWA Power inaugurates 500 MW Ibri 2 PV project in Oman
A consortium led by ACWA Power has started the operation of the 500 MW Ibri 2 solar independent power project in Oman in partnership with the Oman Power and Water Procurement Company (OPWP). Located...
Read more -
September 09, 2020
Financial close for 900MW solar PV project in UAE
ACWA Power has completed the signing of all financing agreements of the 900 MW solar PV project, Shuaa Energy 3 PSC, which is the fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai....
Read more -
September 04, 2020
Sungrow signs PPA 900 MW Mohammed bin Rashid Al Maktoum V
Sungrow has partnered with Shanghai Electric to supply its latest 1500V 6.25 MW turnkey solution to the 900 MW fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai, illustrating...
Read more -
July 08, 2020
ACWA starts shipping of equipment for the Ibri II solar project in Dhahirah
The consortium consisting of ACWA Power - a leading developer, owner, and operator of power generation and water desalination plants - Gulf Investment Corporation (GIC) and Alternative Energy Pro...
Read more -
April 30, 2020
Lowest ever PV tariff signed for 900 MW solar project in Dubai
ACWA Power in partnership with Gulf Investment Corporation (GIC) have signed 25-year PPA agreement for the output of the fifth phase of the 900MW photovoltaic fifth phase of the Mohammed bin Rash...
Read more -
March 27, 2020
Oman´s largest solar plant reaches financial close
A consortium consisting of ACWA Power, GIC, and AEPC have achieved the financial closure for the 500 MW solar photovoltaic (PV) Independent Power Project (IPP) at Ibri in the Sultanate of Oman, which...
Read more -
February 14, 2020
AIIB to finance US$60m for 500 MW Ibri II solar PV project
The Asian Infrastructure Investment Bank is set to provide up to US$60 million loan financing for the development of the 500 MW Ibri II solar photovoltaic (PV) project in Oman. The financing cov...
Read more -
November 25, 2019
Preferred bidder for 900 MW phase of a solar project in UAE
Dubai Electricity and Water Authority (DEWA) has announced that the consortium led by ACWA Power and Gulf Investment Corporation is the Preferred Bidder to build and operate the 900 MW 5th phase of th...
Read more
