Tabarak Investment and Goldilocks Investment will aim to enhance and strengthen the core operational competencies of Gulf Navigation, while complementing the traditional expertise in the key sectors of shipping and logistics.

Tabarak and Goldilocks are set for a comprehensive engagement, to leverage their mutual synergies and explore compelling investment opportunities in UAE’s shipping and logistics sector. The comprehensive engagement of both Tabarak and Goldilocks is expected to accelerate growth-oriented initiatives.

Ahmad Kilani, CEO of Tabarak Investment, stated: “We welcome the investment by Goldilocks in Gulf Navigation. We will work together to make a positive impact on the UAE economy. Our combined expertise and experience will empower us to steer our focus and resources on achieving sustainable and significant growth in industries and companies that constitute our portfolio such as shipping and logistics and make a significant contribution to the realisation of the ambitious Abu Dhabi Economic Vision 2030.”

Mustafa Kheriba, Goldilocks’ director, added, “Our investment in Gulf Navigation and mutual engagement with Tabarak Investment marks the start of a dynamic phase in our regional strategy. Through our collaboration with Tabarak, we will aim to unlock value for all stakeholders by working constructively with the management and board to accelerate the implementation of these growth initiatives.” – TradeArabia News Service