News

Investcorp to focus $1bn infrastructure fund on Saudi

Bahrain-based Investcorp is set to plough more than half of its $1 billion Gulf Cooperation Council (GCC) infrastructure fund on projects in Saudi Arabia. The rest of the investment will focus on various projects in the GCC including ports in Oman, utilities in the UAE and toll roads in Bahrain. Investcorp’s co-chief executive, Hazem Ben-Gacem, said the fund will focus on healthcare, education, social housing, infrastructure, roads and utilities. Ben-Gacem also said that Investcorp plans to launch its second Mena-focused private equity (PE) fund soon. It will likely comprise $400 million in capital and has US-based PE firm HarbourVest as an anchor investor. Investcorp also announced an $11.3 million investment in Intergrow Brands Private, a subsidiary of India-based Synthite, the world’s largest producer of spice extracts. ©2019 funds global mena

Executive Interviews

INTERVIEW: ‘Financing is the blood of Iran’s economy’

Jan 04, 2019

Amid a fresh wave of American sanctions, Romil Patel spoke to Meysam Hamedi, director of financial markets and instruments at Iran’s Securities & Exchange Organization (SEO).

INTERVIEW: Totally mega

Jun 13, 2018

In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...

Roundtables

ROUNDTABLE: Hooked to the global caravan

Jan 04, 2019

With the MENA region at a tipping point, our panellists talk about economic diversification, the impact of regulation and the delayed Saudi Aramco listing. Chaired by Romil Patel in Dubai.

MENA ROUNDTABLE: ‘The story is about reforms’

Jun 13, 2018

Our cross-industry panel discuss the positive backdrop in Egypt, the Dana Gas controversy and the potential index upgrades of Saudi Arabia and Kuwait. Chaired by George Mitton in Dubai.