Investcorp plans $1 bln infrastructure investments in Saudi, Gulf & MENA - joint CEO - Reuters:
Bahrain-based Investcorp plans to invest at least half of its $1 billion GCC Infrastructure fund in Saudi Arabia as it seeks to take advantage of investment opportunities in the kingdom, its co-chief executive said on Wednesday.
“It will focus on healthcare, education, social housing, infrastructure roads, utilities,” Hazem Ben-Gacem told Reuters, adding that the remainder would be invested in other Gulf Arab states and the wider Middle East and North Africa (MENA) region.
The firm wants to be active in projects such as ports in Oman, utilities in the United Arab Emirates as well as the toll road infrastructure in Bahrain, he said in an interview on the sidelines of a Future Investment Initiative forum in Riyadh.
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