This is a significant investment in the development of world-class infrastructure for industrial zones, such as road and irrigation networks, sewerage utilities and electricity transmission and distribution networks," said Jasim Al Darmaki, spokesperson for the ADCB Macquarie joint venture, which manages AMIF.
AMIF intends to provide equity capital for investments across the GCC and certain MENA countries in a full range of infrastructure sectors, such as roads, water and waste utilities.
AMIF intends to provide equity capital for investments across the GCC and certain Mena countries in a full range of infrastructure sectors, such as roads, water and wastewater utilities, ports, airports, district cooling, electricity transmission and distribution, gas distribution and social infrastructure.
This investment gives AMIF exposure to ZonesCorp-commissioned projects that form part of its charter to develop the industrial infrastructure of the emirate of Abu Dhabi and create a business climate conducive to growth and economic diversification," said Hajir Naghdy, managing director of ADCB Macquarie.
Assets to which AMIF will now have exposure include the extensions to the Industrial City of Abu Dhabi, located in the Musaffah industrial area, which is underpinning the growth of Abu Dhabi's industrial sector.
AMIF will also have an interest in the ZonesCorp-commissioned Al Ain Industrial City (AAIC) -- a 10 sq-km industrial estate on the main freight road linking Abu Dhabi, Al Ain and Dubai.