Arcapita plans to invest in regional infrastructure

03 September 2009

Investment firm plans to start placing funds in regional projects

Bahraini Islamic investment house Arcapita wants to invest in the regional infrastructure sector for the first time, and could launch a fund targeting the sector, according to Atif Abdulmalik, the firm’s chief executive officer.

The firm plans to launch a $1bn Asian infrastructure fund before the end of 2009, and will also do some select Middle East infrastructure deals.

Abdulmalik says if these are successful then a Middle East infrastructure fund, potentially worth $500m, will be launched. “We are looking at the infrastructure sector and are in the process of launching an Asian infrastructure fund and we want to do a few select Middle East deals before launching a Middle East fund,” he adds.

Arcapita is also planning to exit some of its existing investments following the successful sale of US fast-food brand Church’s Chicken, that gave the firm a return of 2.5 times the value on its investment.

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