Raffles Family Office (RFO) is proud to partner with The Private Office of Sheikh Ali Rashed Ali Saeed Al Maktoum (HH Private office) – a member of Dubai’s ruling Royal Family, and National Cooperation New Energy Ltd, in a first of its kind collaboration to promote Dubai’s renewable energy infrastructure.
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“This MoU signifies RFO’s strategic entry into the Middle East, “Chi-man Kwan, Group CEO and Co-founder of Raffles Family Office remarked, “aligning with the intensifying economic relations between China and the GCC region and RFO’s commitment to its impact investing mandate honed over dedicated focus over the past years,”
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As part of its energy transition, the has committed to having 50% electric and hybrid vehicles on the road by 2050, as agreed upon at the 28th UN Climate Change Conference (COP28). Moreover, by 2030, the United Arab Emirates aims to have 10,000 EV charging stations installed, a significant rise from the 914 stations that will be accessible in 2023.
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The Private Office of Sheikh Ali Rashed Ali Saeed Al Maktoum stated: “We are pleased to establish partnership with RFO, the largest multi-family office in APAC, and NCNE, a leading player in the renewable energy industry. Our vision aligns seamlessly with the objectives of Raffles Family Office and National Cooperation New Energy. We are particularly enthusiastic about collaborating in strategic investment and development between China and Dubai, specifically focusing on renewable infrastructure.”
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Liu Yang, chairman and CEO of National Cooperation New Energy added: “NCNE has consistently led the way in advancing renewable energy technologies. Our enthusiasm for this partnership with RFO stems from a shared vision to introduce our state-of-the-art solutions to the Middle East. With the strategic support of the HH Private Office, we find ourselves in an advantageous position to make a significant contribution to the region’s energy transition. This collaboration not only aligns with our commitment to sustainable development but also represents a pivotal opportunity to drive meaningful change in the energy sector.”
About Raffles Family Office
Founded in 2016, Raffles Family Office (RFO) is an award-winning multi-family office with a full suite of wealth management services for ultra-high net worth individuals. With an integrated platform that combines independence with advisory expertise across a broad range of asset classes and an expansive global partnership network built for seamless collaboration with the world’s leading financial institutions, the firm is uniquely placed to offer comprehensive, lasting and highly bespoke wealth growth and preservation solutions.
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