Through its internationally diverse operations, Milio is often exposed to investment opportunities outside of the O&G world. Whilst our core focus will always be within oil and gas, growth and revenues are often supplemented through carefully selected, high-yield investments and participation in areas as diverse as agriculture, retail development and software applications. Below are a few case studies of some of the exciting ventures Milio is currently investing in.
Milio is building the world’s first 300 hectare, high-tech, hydroponic greenhouse in the UAE. Hydroponic technology uses a substantial amount less water than conventional farming and also produces a drastically improved crop yield when compared to every other type of production.
With our partner, the world’s leading hydroponic grower, we will be growing and supplying varieties of fresh fruit and vegetables across the GCC region as well for global export. Our vision is to make Abu Dhabi an international hub for fresh produce and to export our produce all around the globe. The conditions are perfect to build a new, profitable and world-leading industry in the region and also to provide essential food security for the Gulf States. Construction is planned for Q3 2016.
COMMERCIAL REAL ESTATE DEVELOPMENT
Milio is a strategic investor in Norman Asset Management (‘NAM’). NAM is real estate investment management and development firm with a strong presence in Russia and the UAE through its offices in Moscow and Dubai. NAM combines long term investment and property market experience with key partner relationships that allow us to be effective in sourcing, financing and managing investment grade real estate assets.
Milio is a strategic investor in ClickSWITCH, a software company which has developed a proprietary application that allows financial account holders to initiate a switch of recurring payments and deposits from a former financial institution to a new one in less than 10 minutes, using a mobile device or personal computer. At the same time the application allows financial institutions to acquire new customers by quickly and efficiently switching them from old accounts to new ones.
ClickSWITCH has rapidly moved to become the industry leader with this new and exciting product; the Company commenced operations in 2014 with offices in Minnesota, USA and has since signed over 80 financial institutions to use ClickSWITCH.
Milio has partnered with Aubio Life Sciences LLC for the exclusive rights to distribute their product range across the GCC region. Aubío is a manufacturing, sales, distribution, research & development company focused on the development of skin, hair, nail products utilizing proprietary technology derived from a unique combination of plants. Their primary product is an over-the-counter gel to help relieve the symptoms for those who suffer from cold sores that stem from various types of herpes, ranging from oral herpes, which causes cold sores around the mouth to genital herpes to shingles. Additional products are in development for human papilloma virus (HPV) and other pre-cancerous skin conditions as well as an Immune System Booster to help with these conditions.
Milio has identified an opportunity to invest in the capture of Landfill Gas (LFG) for energy production in the GCC region. Methane produced in landfills is twenty five times more damaging to the environment than C02. There are currently no operational LFG operations in the Middle East apart from a pilot project in Dubai, operated by Milio’s partners. This facility is reducing CO2 emissions from the landfill site by over 350,000 tonnes (equivalent) per annum whilst producing 1MW of power.
With an award to build a second facility north of Dubai, Milio and its partners will be producing 30 MW of electricity whilst dramatically altering the energy environment in the UAE and wider GCC.