Abraaj eyes real estate fund of USD250m in 2011

13 Jun 2011

(MENAFN) Head of Abraaj Capital, Faisal Khan said that the company eyes a more than fifty percent hike in its regional real estate fund in 2011, which would amount to USD250 million, reported Arabian Business.

Khan added that the UAE-based company would launch mew investments in Saudi Arabia’s construction sector.

The first close of the fund back in December 2010 was USD100 million, the company is working towards getting it to USD250 million as the company would add schools, the retail sector, and offices to its fund in Saudi Arabia.

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