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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.

Abu Dhabi to Start $1.5 Billion China Fund
Photo courtesy of iStockphoto, Günay Mutlu




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