A new Abu Dhabi-based commodities company has teamed up with Hutchison Port Holdings in a consortium that plans multibillion-dollar investments in African infrastructure.
The consortium will potentially offer governments an alternative to China’s advance into the resource-rich continent.
Combining the deep pockets of Abu Dhabi investors and the expertise of infrastructure operators, the consortium, called Baobab Investments, is already bidding for port and railway concessions in Africa and is near to closing three “substantial” deals over the next few weeks, according to Mark Manders, its chief executive.
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