Gulf Daily News – A fund designed to tap into the potential for development of molecular and atomic-sized particle technology was launched at the 4th Annual World Islamic Funds and Capital Markets Conference yesterday.
Arbah Global, a Bahrain-based investment arm of Arbah Capital, announced the launch of the Arbah Nanotechnology Fund, which aims to raise around $100 million and run for five years.
The fund’s senior vice-president James Berlino said that nanotechnology could see the kind of growth in technology not seen since the arrival of the Internet in the 1990s and could herald a new industrial revolution.
Nanotechnology is already in use in extremely fine filters used to remove sulphur from oil and has tremendous applications across a wide range of industries, he said.
Mr Berlino said with the world currently suffering from capacity shortages and limitations in everything from food to energy to network and storage compute, the Arbah team intends to invest in companies that can breakthrough these barriers with nanotechnology, and deliver superior products at attractive prices to markets and industries suffering from shortages and capacity limitations
"The opportunity to unleash and capture global demand in so many different industries is remarkable."