DUBAI: International brokerage firm Capex.com has raised a total of $21 million in a new funding round, as interest in online trading and investment grows.
The proceeds will be used to launch new products, the company said in a statement, as well as for its expansion plans in key markets around the world.
Capex.com, which is the official trading partner of Juventus, currently operates four trading licenses, one of which is from the Abu Dhabi Global Market Financial Services Regulatory Authority.
The company said it saw rapid growth last year, driven by younger people taking an interest in online trading.
“Although millennials are still the leading force behind last year’s massive growth of the fintech industry, we can see that everyone is now using apps to manage their finances, make payments, trade and invest,” Octavian Patrascu, CEO of Key Way Markets that owns Capex.com, said.
He said 2021 is a “key moment for financial markets” given the changes brought by the COVID-19 pandemic that has pushed economies to the wall.
The company got its Abu Dhabi license last year – four years after it was first founded. It recently opened an office in Spain, and is expanding its operations to Latin America and Southeast Asia.
Abu Dhabi broker Capex.com raises $21m and targets millennial investors
https://arab.news/zdbpc
Abu Dhabi broker Capex.com raises $21m and targets millennial investors
- The proceeds will be used to launch new products and for its expansion plans in key markets around the world
Industry leaders highlight Riyadh’s Metro, infrastructure as investment catalysts
RIYADH: Saudi Arabia’s capital, Riyadh, is experiencing a transformative phase in its real estate sector, with the construction market projected to reach approximately $100 billion in 2025, accompanied by an anticipated annual growth rate of 5.4 percent through 2029.
The Kingdom is simultaneously advancing its data center capacity at an accelerated pace, with an impressive 2.7 GW currently in the pipeline. This expansion underscores the critical role of strategic land and power planning in establishing national infrastructure as a cornerstone of economic growth.
These insights were shared by leading industry experts during JLL’s recent client event in Riyadh, which focused on the city’s macroeconomic landscape and emerging trends across office, residential, retail, hospitality, and pioneering sectors, including AI infrastructure and Transit-Oriented Development.
Saud Al-Sulaimani, Country Lead and Head of Capital Markets at JLL Saudi Arabia, commented: “Riyadh is positioned at the forefront of Saudi Arabia’s Vision 2030, offering unparalleled opportunities for both investors and developers. National priorities are continuously recalibrated to ensure strategic alignment of projects and foster deeper collaboration with the private sector.”
He added: “Recent regulatory developments, including the introduction of the White Land Tax and the rent freeze, are designed to stabilize the market and are expected to drive renewed focus on delivering premium-quality assets. This dynamic environment, coupled with evolving construction cost considerations in select segments, is fundamentally reshaping the market landscape while accelerating progress toward our national objectives.”
The event further underscored the transformative impact of infrastructure initiatives. Mireille Azzam Vidjen, Head of Consulting for the Middle East and Africa at JLL, highlighted Riyadh’s transit revolution. She detailed the Riyadh Metro, a $22.5 billion investment encompassing 176 kilometers, six lines, and 84 stations, providing extensive geographic coverage, with a depth of 9.8 km per 100 sq. km. This strategic development generates significant TOD opportunities, with properties in proximity potentially commanding a 20-30 percent premium. JLL emphasized the importance of implementing climate-responsive last-mile solutions to enhance mobility and accessibility, particularly given Riyadh’s extreme temperatures.
Gaurav Mathur, Head of Data Centers at JLL, emphasized the rapid expansion of the Kingdom’s AI infrastructure, signaling a critical area for technological investment and innovation.
Focusing on the construction sector, Maroun Deeb, Head of Projects and Development Services, KSA at JLL, explained that the industry is actively navigating complexities such as skilled labor availability, material costs, and supply chain dynamics.
He highlighted the adoption of Building Information Modeling as a key driver for enhancing operational efficiency and project delivery.
