Abu Dhabi to Start $1.5 Billion China Fund
Filed in archive Private Equity on September 29, 2008
The Economic Times reported yesterday that Abu Dhabi Investment House is planning a $1.5 billion private equity fund to invest (along with a Chinese partner) in real estate and manufacturing in China.
Abu Dhabi Investment House is a Gulf Arab bank.
The investment strategy could help shore up manufacturing in China as depend for Chinese good weakens in the recession-hit America.
An agreement to launch the fund will be signed within two months, said Rashad Janahi, ADIH's managing director of the investment firm.
Photo courtesy of iStockphoto, Günay Mutlu
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