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