Waha Capital, Dubai International Capital and HSBC Bank Middle East Limited, are general partners and co-sponsors of the $500 million Middle East and North Africa Infrastructure Fund, which primarily seeks early-stage investment opportunities in companies that build, own and operate infrastructure assets in the region. The fund, which was launched in 2006, invests by way of equity capital, shareholder-subordinated loan stock and other equity-like instruments.
Given that total GCC infrastructure spending over the next decade has been estimated at more than $1 trillion, the scope for investment in this sector is enormous. Moreover, regional governments led by Abu Dhabi are increasingly using public-private partnerships in the development of their infrastructure.