Middle East Economic Survey

VOL. XLIX

No 37

18-Sept-2006

UAE

ADFEC Launches $250Mn Masdar Clean Tech Fund

Abu Dhabi Future Energy Company (ADFEC) on 9 September announced the launch of the $250mn Masdar Clean Tech Fund in partnership with Credit Suisse and UK-based Consensus Business Group (CBG), which have committed $100mn and $50mn, respectively. This will complement the $100mn seed capital committed by the government of Abu Dhabi at the April 2006 inauguration of the Masdar...