New Saudi investment fund bets on public failure
- From: Vol 8, Issue 11 (November 2007)
- Category: General
- Region: Middle East
- Country: Saudi Arabia
- Related Companies: Bushnak Group, Bushnak-Pallava Water Services and Gulf One Investment Bank
A new Saudi-based fund is looking to take advantage of the gap between public supply and industrial demand.
The Bushnak Group and Gulf One Investment Bank have teamed up to launch a small water investment fund to invest in water projects in the Kingdom of Saudi Arabia, in India and elsewhere.
Initially capitalised at just $50 million, the fund’s strategy balances Dr Adil Bushnak’s instinctive caution with the enthusiasm of Dr Nahed Taher, who heads Gulf ...
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