$300mn raised by Mubadala fund for projects

FUND RAISER: $300 million has been raised by the Mubadala Infrastructure Partners Fund to invest in projects. (Getty Images)

Mubadala Infrastructure Partners, a joint venture between Mubadala Development Company, GE and Credit Suisse has raised $300 million in a fund that will invest in projects across the region.

The Mubadala Infrastructure Partners Fund will focus on sectors including power, water, utilities, social infrastructure, telecommunication and transportation.
"The Fund is an important vehicle that allows for local and international institutional investment participation in regional infrastructure,” said fund chairman Waleed Al Mokarrab Al Muhairi.

Middle East economies are investing as much as $500 billion on infrastructure projects over the next decade as governments pump petrodollars into large-scale construction projects.

“GE has a growing presence in the region and this fund will help us expand and capitalize on opportunities there, as well as continue to build the strategic relationship with Mubadala announced last summer," said Aris Kekedjian, GE Capital’s regional CEO.

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