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.
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...
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