Dubai – Mubasher: Shuaa Capital has partnered with Arton Capital, a global citizenship financial advisory firm, to attract foreign direct investments (FDIs) to high growth markets by establishing real estate development funds.

Through this partnership, both companies will create investment opportunities, including a EUR 100 million fund, to encourage foreign investments in markets such as Montenegro, according to a press release on Wednesday.

In addition, the growing demand for second residency and citizenship programmes will be met.

By acquiring, developing, and selling real projects to investors seeking second residency and citizenship, the real estate development funds aim to achieve returns in excess of 20%.

In this regard, two mixed-use projects in Montenegro have been targeted as potential investments.

The Deputy CEO and Head of Asset Management at Shuaa, Mustafa Kheriba, said: "Citizenship by Investment is a competitive global market and the COVID-19 pandemic has only further increased demand as more and more people across the world are now thinking of how to medically, socially and financially secure their future."

Meanwhile, the Founder and President of Arton Capital, Armand Arton, remarked: "This partnership will play a key role in helping governments attract foreign direct investment to help boost economic development and growth."