This Mauritian puts Dubai and Abu Dhabi on the world map – News
Tim Balgobin. – Photo provided
Balgobin’s clients include royals, elite businessmen and tech entrepreneurs who saw Mauritius as the next family vacation hotspot.
Tim Balgobin is a popular face at most of the royal office’s high profile events in Dubai.
It’s intriguing how the 36-year-old Mauritian made the UAE his new home while connecting the world to this young nation through various verticals.
Balgobin holds many titles and wears several prominent hats, most notably as an adviser to the private cabinet of Sheikh Ahmed bin Faisal Al Qassimi, a member of the royal family of Sharjah and Ras Al Khaimah (RAK).
Balgobin has encountered several business trends and is a personal investor in real estate, films and start-ups. And he’s optimistic about the UAE’s growth prospects. “The UAE economy was designed to win early on with the vision of its patriotic, dedicated and humble leaders. From camels roaming the desert to private jets landing in a megalopolis, from empowering women backed by high security to launching the Hope probe to Mars, the UAE has done it all. It also has a Minister of State for Happiness whose job is to harmonize all government plans, programs and policies to achieve a happier society and create good and social satisfaction. It defines leadership, ”he said.
Balgobin started helping out at the traditional family-owned supermarket in the heart of Mauritius’ capital of Port Louis when he was eight during school vacations where he met foreigners from Russia, Taiwan and other countries.
He was curious to learn the nuances of business and networking from an early age.
Balgobin received a Bachelor of International Business degree from Regents University in London, followed by a scholarship to study at Suffolk University in Boston. He returned to Mauritius to become the political adviser to the former Prime Minister of Mauritius who was also the former President of the Republic. At 29, he was close to the late Prime Minister, Sir Anerood Jugnauth (SAJ).
Frequent visits to the UAE to attend the Gulfood event as a commodity trader – representing major Indian conglomerates such as UB Group, Shakti Bhog, Chaman Lal Setia – forced him to stop over in Dubai for business trips.
During one of these trips, Balgobin teamed up with Damac to sell their properties and prospered in the booming real estate industry by entering African markets. “My company is promoting properties in Dubai during the peak of Expo 2020 Dubai. I always have serious leads, in particular African and European family offices coming to explore the Dubai real estate market and I guide them in creating profitable businesses in the emirates. After having made my way in the Arab world and in the family office, I am the man to go to for Mauritian properties, ”he said proudly.
As Dubai is for Indian buyers, a similar trend is emerging among Arab investors in Mauritius.
Families in the Middle East want a second home just a few hours away with the best sandy beaches in the world, mixed with a turquoise lagoon.
Balgobin’s clients include royals, elite businessmen and tech entrepreneurs who saw Mauritius as the next family vacation hotspot. Mauritius has become a friendly and welcoming destination after Covid, and with the introduction of a $ 375,000 (Dh 1,377,375) residence permit, it remains profitable compared to the Caribbean options that have attracted the attention from many potential buyers, including from the United States and Canada.
Balgobin advises CEOs of Fortune 500 companies, African politicians, Hollywood and Bollywood executive producers, the Al Qassimi royal family of Sharjah and RAK, and the Al Maktoum royal office in Dubai.
“I would like to welcome high net worth individuals (HNIs) from all over the world to the emirates and help them set up their corporate structures, develop royal offices, build for them a real estate portfolio and design a strategy for impactful asset investment. My job was also to raise and pool funds in the form of debt / equity financing to a number of entrepreneurs and multinationals, ”he added.
Balgobin helps engage decision makers by providing royal sponsorships at international trade shows in Dubai such as the Africa-Dubai Summit, World Blockchain Summit, Women Entrepreneur Forum, Crypto Launch in Dubai, and Forbes Trade Events .
“I am an African who believes in the brains and talents of the ‘Mother Continent’ and that is why I designed and led the UAE’s first ‘Africa-Dubai’ Royal Summit with support from Forbes in Habtoor Palace where I felt happy to be personally greeted by Rashid Khalaf Ahmad Al Habtoor, a leading entrepreneur based in the United Arab Emirates, ”he said.
Tim Balgobin has been appointed senior advisor to elite Hollywood producers and studios, including Base Fx, to assist them with their strategy and fundraising for major blockbusters such as Transporter Reloaded, Wish Dragon 2 and The Meg, which will be filmed in Dubai, Abu Dhabi. , Umm Al Quwain, and some African territories, including Madagascar and Mauritius.
“We really want to give a chance for new territories to be discovered within the Hollywood industry and for a new generation of hard-hitting investors to join in on constructive actions,” he said.
“The UAE is emerging as the back office for Hollywood funding. There is a lot of support from my friends in Los Angeles who are the best financiers in the business. I am constantly working on the Dubai and Abu Dhabi brand to make it a global tour de force. The United Arab Emirates will become a prime destination for major “cinema disruptors” as Hollywood begins to bank on Dubai, “he said.
Balgobin is working with Bollywood executive producer Gaurang Doshi – Aankhen and Deewaar – for his upcoming web series called 7th Sense. This is a unique storyline set in exotic locations across the UAE and the set includes Vivek Oberoi, Mimi Chakraborty, Monica Dogra, and Ronit Roy.
The web series promises to shake up the Bollywood scene in Dubai with the support of the Abu Dhabi royal family. “We are in the process of raising 6.5 million dollars (23.87 Dh) for this project from private investors,” he added.