BlueFive Capital acquires 70% stake in Gulf Cobla

BlueFive Capital, a global investment platform with $15 billion in assets under management, has acquired a 70% stake in Gulf Cobla LLC, a UAE-based specialist in dredging, land reclamation, and marine infrastructure. The transaction was structured through the acquisition of the entire 49% stake held by Advanced Dynamics Investments, an affiliate of Saudi Binladin Group, and a further 21% from Dutco Group, which retains a 30% shareholding in the company.

Established in 1977, Gulf Cobla has played a foundational role in the development of marine infrastructure across the Middle East and South Asia. The company operates a fleet of cutter suction dredgers and auxiliary support equipment, and has delivered major projects including Jebel Ali Port, Aqaba New Port, and Malé Airport in the Maldives.

The acquisition marks BlueFive Capital’s entry into infrastructure and real assets, and is consistent with its strategy of targeting high-growth sectors in the GCC region. Both parties intend to work alongside Gulf Cobla’s management team to pursue expansion into new regional markets and increase fleet utilisation.

Alpen Capital (IMAP GCC) advised BlueFive Capital on the transaction.