new-middle-east-infrastructure-financing-initiative

New Middle East infrastructure financing initiative

Financial institutions launch an infrastructure finance initiative for the Middle East and South Asia.
August 31, 2008
Three Middle Eastern financial institutions propose to put up to $6 billion in authorised capital to set up a new investment bank under the name of InfraCapital. The new bank will focus on the financing of infrastructure investments in the Middle East, North Africa and South Asia region.

InfraCapital is the creation of an alliance between the Gulf Finance House, Ithmaar Bank and the Abu Dhabi Investment House. The banks plan $1.5 billion in paid up capital, allowing InfraCapital to offer focused financing packages to transport, power generation, water, energy, education and social infrastructure projects.

ôThe pace of innovation in what is a booming GCC infrastructure sector cannot be understated,ö says Ithmaar...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222