Dubai's Najibi launches investment firm on Australia's Sunshine Coast

Dubai-based business conglomerate Najibi has announced the launch of an investment and development company on Australia’s Sunshine Coast.Sanad Capital will serve as an investment springboard for local projects – particularly community-based, family-friendly and active-lifestyle destinations, a statement said.
“The Sunshine Coast is the perfect location for us to launch our new venture. This move is a part of our overall diversification and we believe that the time is perfect to invest more in Australia,” said Talal Y Najibi, CEO of Najibi.
Bradley P Sutherland, founder and CEO of Sanad, added: “One of our primary objectives is to explore the investment potential by developing a host of eco-friendly, community-centric projects. Currently, the Sunshine Coast attracts 9 million tourists per annum with an average stay of 13.4 nights. We’re looking to scale up long-term progressive and economic growth within the Sunshine Coast by delivering special projects.”

The launch comes as latest figures show that UAE investments in Australia rose to $26 billion while Australia’s investment in the UAE is estimated at $2.4 billion.
David Baird, chief operating officer of Sanad Capital, said: “The demand on Australian infrastructure to keep pace with its growing population and its burgeoning economy is mounting. Australia has proved a safe haven for investments and ventures because of its financial stability, and through the establishment of Sanad Capital, we’re hoping to attract international brands and alliances to our promising projects in and around the Sunshine Coast.”
Sanad Capital’s operations and business services will span project investment, private equity, retail, pre-IPO capital and joint ventures.

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