IDB announces launch of 2nd infrastructure fund with capital of U.S. $ 2 billion

Jeddah, ArabTelegraph – President of Islamic Development Bank (IDB) Group Dr. Ahmad Mohamed Ali, announced officially today the launch of the Bank’s 2nd infrastructure fund with a capital of two billion U.S. dollars.
The launching came in the framework of the IDB’s celebration of its 40th founding anniversary to be the largest fund of private equity in the infrastructure sector, directed to the Member States of the bank’s 57 countries.
Public Pension Agency and Public Investment Fund of the Kingdom of Saudi Arabia, Ministry of Finance of the Kingdom of Bahrain and the Ministry of Finance in the Sultanate of Brunei Darussalam are contributing to the 2nd IDB infrastructure fund as founding members.
The 2nd IDB infrastructure fund came following the launch of its first version with a capital of 730.5 million U.S.