Middle East Economic Survey

VOL. XLVIII

No 11

14-March-2005

IRAQ

MerchantBridge Launches First Construction Materials Fund In Iraq

MerchantBridge (MB), a merchant banking firm, announced on 9 March that it had raised the first tranche for a new $50mn five-year direct investment fund that would finance businesses manufacturing and supply construction materials in Iraq. The first tranche of the Iraq Construction Materials Fund (of which MB is the advisor) was closed on 10 February with commitments...