Abu Dhabi to Start $1.5 Billion China Fund
Filed in archive Private Equity by Greg Cruey 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
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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