The Asian Infrastructure Investment Bank (AIIB) will anchor the Aberdeen Standard Investcorp Infrastructure Partners’ (ASIIP) new regional fund by committing $90 million to its first close.
ASIIP had also received a capital commitment from the Public Investment Fund for up to 20 percent of the fund’s total size.
The fund aims to participate in the economic transformation of the Gulf Cooperation Council (GCC) and the wider Middle East and North Africa region. With ESG principles and the United Nations Sustainable Developments Goals at the heart of its philosophy, the fund’s mission is to deliver solutions in healthcare, education, water, mobility and digital infrastructure that will benefit local communities and future generations.
The GCC needs to increase infrastructure investment urgently to accommodate a 30 percent increase in population and a gradual increase in urbanization. Given current fiscal pressures, attracting more private capital is the key to
