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September 18, 2008

ADIC-UBS venture eyes $5bn Mideast projects

DUBAI: ADIC-UBS Infrastructure Investment, a 50-50 joint venture between Abu Dhabi Investment Co and UBS Asset Management, may invest as much as $5bn in Mideast projects by the end of 2009 and float them on regional bourses, a top company executive told Zawya Dow Jones.

"These projects could be floated in their respective markets or we could float a holding company that combines all these projects to give investors diversification across asset type and geography," Mark Thompson, ADIC-UBS Infrastructure's chief executive, said in an interview in Abu Dhabi late on Monday.

Full Story...

Posted by boyang at September 18, 2008 11:38 AM