The intersection of Gulf Cooperation Council (GCC) countries’ and Philippine interests remains an unexplored and underserved opportunity. The GCC is home to more than 3 million Filipinos who contribute >$6B in remittances to the Philippine economy. A formidable market, Malia Prime sees a number of opportunities that GCC and Philippine companies can address strategically. As GCC countries strive to localize expatriate spending more and more and to attract foreign direct investment from the emerging nations of Asia, we see a strong proposition to provide our niche expertise to GCC corporates, governments and institutional investors. Thus, we have established Malia Prime Advisory to support corporate and institutional clients from our base in Dubai, United Arab Emirates.
International investment by GCC countries shall continue to be an important instrument to further economic diversification and bilateral relations with high growth Asian markets, including the Philippines. With more than $1 trillion in sovereign wealth funding from the UAE alone and with the largest ever IPO of Saudi Aramco upcoming, we at Malia Prime see a unique opportunity to tap the liquidity in the GCC to channel capital into specific investment opportunities in the Philippines. We see the need to establish a dedicated investment fund for this effort once we have secured an anchor institutional investor, whether a sovereign wealth fund or a major corporate investor from the GCC. Therefore, we have set up Malia Prime Investments as our privately held investment vehicle to team up with an anchor GCC investor and establish the first Philippines focused investment fund to be based in the Gulf.
Mark P. Serrano,