Thursday 14 July 2011

Masdar Capital confident despite investment struggle - The National

Abu Dhabi's clean tech fund is having trouble finding companies it can invest in on its home turf.

Masdar Capital, the investment arm of the Government's clean energy initiative, has found only one UAE company in which to invest, said Alex O'Cinneide, the investment arm's director.

The comments come two days after the Ministry of Economy predicted a US$100 billion (Dh367.3bn) opening for alternative energy investments in the UAE in the coming decade.

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