IDB Infrastructure Fund opens in Brunei

Brunei and Asia''s infrastructure needs are the winners as big Islamic money comes to Asia.

The Islamic Development Bank IDB Infrastructure Fund has opened its Asian regional headquarters in Brunei and is looking for investments in Asia's Islamic countries. The fund totals $1.5 billion and invests in infrastructure projects in the 53 countries that are members of the Islamic Development Bank, which for Asia means Malaysia, Indonesia and Brunei.

The fund invests equity in a variety of sectors - from power and telecoms, to transport, water and financial services. It will invest a minimum of $10 million in its projects and a maximum of $100 million or 40% of the project's total. The fund is looking for greenfield developments, expansion finance opportunities and will even invest in listed infrastructure companies...

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