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IPIC eyes $30bn investments after Barclays deal

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Sunday, 14 June 2009
EXPANDED FUND: IPIC is eyeing investment targets worth $30bn, according to its CEO.
EXPANDED FUND: IPIC is eyeing investment targets worth $30bn, according to its CEO.

Abu Dhabi's state-owned International Petroleum Investment Company (IPIC) is expanding its investment target to $30 billion after selling its stake in Barclays, IPIC's CEO said on Sunday.

IPIC has a current investment portfolio of between $16 to $20 billion, Khadem Al Qubaisi said in an interview.

He also said IPIC has closed deals worth $10-$12 billion since the middle of last year and is working on some 30 to 40 investment deals in the energy and other sectors. (Reuters)


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    21 Nov ' 09 at 10:22
    Is it any wonder that Emiratis are reluctant to work in the private sector? One day extra and no request for early payment of salaries.   More  »
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