Shurooq and Emirates Development fund FMSi
Shorouk Company and the UAE Growth Fund announced a strategic investment in FMSi, a leading Emirati company specializing in AI-driven fleet monitoring and management technologies. FMSi serves sectors such as energy, transportation, and logistics. The investment aims to boost the company's growth and expand its operations across the Gulf region, supported by governance and operational expertise, as well as exploring acquisition opportunities to increase capital. The company emphasizes the importance of modern technologies in meeting regulatory requirements and achieving efficiency and safety, particularly in high-safety sectors like oil and gas.
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