Mashreq Bank is looking to finance $11 billion worth of infrastructure, energy, transportation projects this year in the Gulf Coopeation Council (GCC) countries, compared to about $10 billion (Dh36.7 billion) in 2010, Karim Mahmoud, Co-Head of the bank's corporate investment banking group.
Speaking to reporters on the sidelines of the Meed-organised Arabian World Construction Summit, Mahmoud said Mashreq Bank is also looking to finance projects of service companies and companies working in hospitality, health care and retail industries. "We are well-positioned in these segments," said Mahmoud.
He said in 2009 the bank financed $7.5 billion worth of projects and in 2010, $5 billion worth of projects in Abu Dhabi and other parts of the GCC last year.
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