Abu Dhabi fund to invest in Iraq
Invest AD, the Abu Dhabi private equity firm, has launched an Iraq Investment Fund to invest in high-growth companies in the stabilizing Iraq. The new fund is open to institutional and high-net-worth investors in early October, Invest AD said. Iraq has the world’s third-largest proven oil reserves and has signed 11 oilfield deals with major international oil firms, which are expected to lift the country’s capacity from 2.5 million to 12 million barrels per day.
4 October 2010•2 mins read
