Browse related articlesADIC-UBS bid for mega infrastructure projects
United Arab Emirates: Sunday, September 28 - 2008 at 08:24
The ADIC-UBS Infrastructure Investment Fund is currently bidding for four multi-billion dollar infrastructure projects including the Aqaba Port Redevelopment in Jordan, an independent power and water plant in Saudi Arabia, a sewage treatment plant in Bahrain, and a schools project in Egypt, reported Khaleej Times. Abu Dhabi Investment Company and Union Bank of Switzerland launched the infrastructure fund early this year, to invest in the expanding infrastructure in the MENA and Turkey. The fund will take up to a $100m equity stake in a 3,000 megawatt power project in Saudi Arabia worth $3.5-4bn.
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Jeff Florian, Senior ReporterSunday, September 28 - 2008 at 08:24 UAE local time (GMT+4)
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