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Gulf investors to set up $6bn infrastructure bank

Dubai, August 27, 2008

Gulf Arab investors said on Wednesday they would set up a $6 billion infrastructure investment bank and a $3 billion agriculture investment firm complying with Islamic law.

Bahrain-based Gulf Finance House, Ithmaar Bank and Abu Dhabi Investment House said in a statement InfraCapital would invest in sectors including transport, energy and education.

AgriCapital would focus on investing in food production, livestock and biofuels, the three companies said.-Reuters




Tags: GFH | Gulf investors | infrastructure bank |

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