New Middle East fund
Macquarie and Abu Dhabi Commercial Bank (ABCB) have launched a US$1bn fund to invest in infrastructure in the GCC and the wider MENA region. The fund has already attracted a US$500m investment from UAE investor Al Hail Holding and is now seeking further investors. The fund will be called ADCB Macquarie Infrastructure Fund (AMIF). The total fundraising for AMIF now stands at US$630m. Hajir Naghdy is the managing director of the ADCB Macquarie joint venture.
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