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FINANCIAL NEWS
Dubai’s Abraaj plans new investments in southeast Asia
22 Oct 2011
(MENAFN) Dubai-based Abraaj Capital unveiled a plan to spend part of a USD2 billion fund in Southeast Asian natural resources to meet rising regional demand for coal, metals and agricultural products, Arabian Business reported.
A principal at Abraaj Capital Asia Pte said that Abraaj Capital is interested in copper and tin mines in Indonesia, while agriculture-related investments will be focused primarily in Vietnam and Malaysia.
He also said that Abraaj plans to acquire minority stakes in education, health care, logistics, financial, manufacturing and retail companies in Southeast Asia and India.
Acording to Abraaj Capital, the company has been operating in India since 2006 through a joint venture with Sabre Capital Worldwide Inc. and owns stakes in three infrastructure companies and an art dealer in the country.
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