New York, April 01, 2022 (GLOBE NEWSWIRE) — PHI Group, Inc. ( www.phiglobal.com, PHIL ), a diversified holding company currently engaged in PHILUX Global Funds, the Asia Diamond Exchange (“ADE”) project in Vietnam, mergers and acquisitions and special situation investing ( www.co2-1-0.io ), is pleased to announce that Henry Fahman, President and Chief Executive Officer of the Company, has successfully concluded the U.S. Department of Commerce’s Certified Alternative Investment Fund Trade Mission to Dubai and Abu Dhabi in United Arab Emirates from March 28-30, 2022. This was the first in-person trade mission to the UAE organized by Trademissions.org in partnership with the US Department of Commerce International Trade Administration and the auspices of the US Embassy in the United Arab Emirates.
Trademissions.orgis to help US fund managers raise capital outside the United States. He has successfully helped many US fund managers access capital through a global network of Insurance Companies, Pension Funds, Endowments, Sovereign Wealth Funds, High Net Worth Individuals, Family Offices and Multi Family Offices. Through these Certified Trade Missions events, we have had excellent opportunities to access leading certified investors and key leaders in the financial sector from the UAE and the Middle East region who have shown keen interest in the PHILUX global funds and our approved investment opportunities in Vietnam. The United Arab Emirates is one of the United States’ strongest economic partners and serves as an important regional hub for American companies doing business throughout the Middle East, a region with a gross domestic product of $395 billion. dollars in 2020.
Initially, the first compartment of the real estate sub-fund of our PHILUX Global Funds will focus particularly on the Asia Diamond Exchange project, the 2,700 ha industrial and logistics zone near the new international airport in Long Thanh, Dong province. Nai, Cai Mep Ha port of 1,700 ha project, the urban development project of 3,000 ha in Long Dien district, the hotel and residential complex project of 90 ha in Ho Tram, Ba Ria Vung Tau province and the Ho Chi Minh – Moc Bai (Tay Ninh) highway project. These significant investment opportunities should potentially create considerable value for all stakeholders over the long term. In addition, we will also engage in selective commercial and residential projects in Hanoi and Ho Chi Minh City with short-term lead times that can generate revenue, profit and revenue distribution for our fund investors in a period of eighteen months to two and a half years.
We are particularly grateful to all of Trademissions.orgthe United States Department of Commerce and the United States Consulate General in Dubai for the selfless dedication and tireless efforts of many people to make these events a reality and a success.
About PHI Group, Inc.
PHI Group ( www.phiglobal.com, PHIL ) is primarily focused on the advancement of PHILUX Global Funds, a group of Luxembourg banking funds organized as the “Reserved Alternative Investment Fund” (“RAIF”) and the construction of the Asia Diamond Exchange (“ADE”) in Vietnam. The Company also participates in mergers and acquisitions and invests in certain specific industries and situations ( www.co2-1-0.io ) that can significantly increase shareholder value.
Safe Harbor Act and forward-looking statements
This press release contains “forward-looking statements” pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results or strategies and are usually preceded by words such as “may”, “future”, “plans” or “expected”, “shall” or “should”, “expected”, “anticipates”, “outline”, “possibly” or “planned” which are subject to a multitude of risks and uncertainties that could cause future circumstances, events or results to differ materially from those projected in the forward-looking statements due to a variety of factors.
PHI Group, Inc. Tel. : +1-714-793-9227 Email: [email protected]
Copyright 2022 GlobeNewswire, Inc.