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ADCB $1bn infrastructure fund
- United Arab Emirates: Wednesday, March 07 - 2007 at 08:51
Abu Dhabi Commercial Bank plans to start a $1bn infrastructure fund with Australia's Macquarie Bank in Q2 2007, Bloomberg reported. The fund will buy shares in property and infrastructure projects in the UAE, ADCB CEO Eirvin Knox told the news agency. The bank is currently seeking regulatory approval for the fund, in which it will be a seed investor.
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James McInerney, News EditorWednesday, March 07 - 2007 at 08:51 UAE local time (GMT+4)
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This article was updated on Thu Jun 21 2007.
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