UBS AG and Abu Dhabi Investment Co said on Monday they would set up a joint venture firm to develop funds to invest in infrastructure projects in the Middle East, North Africa and Turkey.
ADIC-UBS Infrastructure Investment would launch its first fund worth $500 million in the first half of this year, they said in a statement before a press briefing in the UAE capital.
The 50-50 joint venture would "develop, promote and manage" infrastructure investment funds, they said. (Reuters)
ADIC-UBS Infrastructure Investment would launch its first fund worth $500 million in the first half of this year, they said in a statement before a press briefing in the UAE capital.
The 50-50 joint venture would "develop, promote and manage" infrastructure investment funds, they said. (Reuters)
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