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Royal Private Offices (RPOs) have become one of the key drivers behind the creation of new sovereign wealth funds in the region
Between 2021 and 2024, revenues surged by around 14% annually, more than double the region’s historical CAGR of around 6%.
Called Gridora, the new entity operating under Modon Holding will coordinate with specialist partners and capital providers to fast-track the delivery of major projects across the UAE and globally.
The proposed changes aim to ease the criteria and requirements for investors to be eligible to trade and invest in the market.
The investments are valued at $390 million.