17.12.2008 - Macquarie and ADCB to sponsor $1 bln Middle East infrastructure fund
From Zawya.com: The Macquarie Group (Macquarie) and Abu Dhabi Commercial Bank (ADCB) announced today the launch of a fund that is expected to raise up to US$1 billion to invest in infrastructure opportunities in the Gulf Cooperation Council (GCC) as well as the broader Middle East and North Africa (MENA) region. An initial cornerstone investment of US$500m has been made by Al Hail Holding, a prominent UAE-based investor and developer, and the fund - ADCB Macquarie Infrastructure Fund (AMIF) - is now welcoming other regional investors. .... Full Article: Source