New $300m fund to invest in Mena hospitality

20 October 2009

Abu Dhabi Investment House has announced that it is launching a $300m Hospitality Development Fund that will focus on projects within the Middle East and Asia. The fund, which will target sectors such as tourism and airlines, will cater to investors seeking to diversify their portfolio by adding Shariah-compliant hospitality-related products to their current range of investments, said Rashad Y Janahi, managing director, ADIH.

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