The ADCB Macquarie Infrastructure Fund will invest $188 million in infrastructure developments commissioned by ZonesCorp, an independent government authority owned by the government of
The investment will be used for the development of infrastructure such as road and irrigation networks, sewerage utilities and electricity transmission and distribution networks for industrial zones, Jasim Al
Abu Dhabi: drawing
Darmaki, spokesperson for the ADCB Macquarie joint venture, said in a statement.
The fund will now have exposure to four assets, two each in the Industrial City of Abu Dhabi and Al Ain Industrial City – a 10 square kilometer industrial estate on the freight road connecting
This is the first investment from the fund which is targeting commitments of $1 billion. The fund has already raised $630 million, including a $500 million anchor investment from UAE-based Al Hail Holding, which manages a portfolio of investments and development projects. The remaining capital has been raised from sponsors Macquarie and Abu Dhabi Commercial Bank and other institutional investors from
The fund invests in GCC countries and selectively across the wider Middle East and