Abu Dhabi, United Arab Emirates – BlueFive Capital , one of the world’s fastest-growing global asset management firms [1] , today announced that it has acquired a 70% controlling stake in Gulf Cobla LLC , a UAE-based dredging and land reclamation solutions company operating across the Middle East and South Asia .

Under the deal, BlueFive Capital will acquire the entire 49% stake held by Advanced Dynamics Investments , a subsidiary of the Binladin Group, along with an additional 21% stake in Dutco Group . Following the completion of the transaction, Dutco will retain its position as a strategic shareholder in Gulf Cobla with a 30% stake.  

Gulf Cobla was founded in 1977 under the guidance of the late Sheikh Rashid bin Saeed Al Maktoum, Ruler of Dubai, and is renowned for its role in shaping modern Dubai. Specializing in dredging, land reclamation, and related marine dredging operations, the company utilizes its fleet of cutter suction dredgers and supporting equipment, playing a pivotal role in urban development and infrastructure projects across the region. Gulf Cobla has completed a number of major marine civil projects, including Jebel Ali Port, the new Aqaba Port, and Malé Airport in the Maldives.

In this context, Hazem Ben-Gacem, founder and CEO of BlueFive Capital , said : “We are very pleased to announce this vital investment in Gulf Cobla , which represents an important step towards BlueFive Capital’s entry into the infrastructure and real estate sector. Over five decades, Gulf Cobla has successfully built a solid reputation in the market, and we see promising potential to support the next stage of its growth through BlueFive Capital’s platform, network, and regional ecosystem.”

Nelson Jebb, CEO of Dutco Group , said : “We are delighted to continue our strategic partnership with Gulf Cobla alongside BlueFive Capital .” He added: “Gulf Cobla has a strong and established legacy, supported by an experienced management team and a long-standing presence in the regional dredging market. We look forward to building on this outstanding legacy that Gulf Cobla has built over the decades, enhancing its capabilities and supporting its future development, with BlueFive Capital as our strategic partner.”

Both parties look forward to working closely with the Gulf Cobla management team to explore expansion opportunities in high-growth regional markets, enhance fleet operation and utilization efficiency, and create new business opportunities.

An overview of BlueFive Capital

BlueFive Capital is a global investment platform with $ 15 billion in assets under management. It aims to help investors capitalize on promising opportunities in high-growth economies, transforming traditional financial models and fostering sustainable growth. Founded in Abu Dhabi Global Market and with offices worldwide, BlueFive Capital offers a diverse portfolio of investment products, including private equity, real estate, infrastructure, and financial instruments, to a broad client base of high-net-worth individuals, institutions, and private investors .

An overview of the Dutco Group :

Founded in 1947, Dutco is a multinational family-owned conglomerate headquartered in the United Arab Emirates. The company's focus on innovation and commitment to global standards have fueled its growth across a number of diverse sectors. Today, the group manages a diversified portfolio of operations in five specialized sectors: construction, engineering and manufacturing, hospitality, energy, and real estate. Dutco has operations and activities in eight countries and employs more than 15,000 people.

The original language text of this statement is the official and authoritative version. Translations are provided for convenience only, and the original language text should be consulted as the only legally binding version.

Contacts:

Aisha Daya

Email: adaya@bluefivecapital.com

-I finish-

#Company Data

Disclaimer regarding the content of press releases
The content of this press release is provided by a third-party provider. We do not assume any responsibility for, nor do we have any control over, such content. This content is provided on an "as is" and "as available" basis and is not edited in any way. Neither we, nor our affiliates, will be liable for the accuracy, endorsement, or completeness of any opinions, views, information, or materials contained in this content.
This press release is provided for informational purposes only; the content does not constitute legal, investment, or tax advice, nor does it offer any opinion on the suitability, value, or profitability of any particular portfolio or investment strategy. Neither we nor our affiliates will be liable for any errors or inaccuracies in the content, or for any actions you take based on that content. You expressly agree and acknowledge full responsibility for your use of the information contained in this press release.
To the extent permitted by applicable law, Refinitiv, its parent company, subsidiaries, affiliates, relevant shareholders, directors, officers, employees, agents, advertisers, content providers, and licensors (collectively, the 'Refinitiv Parties') shall not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive, or exemplary damages; This includes, but is not limited to, losses of profits, savings, or revenues, whether due to negligence, tort, contract, or other theories of liability, even if the parties to Refinitiv were advised of the possibility of any such damages or losses occurring or actually anticipated them.