Middle East Economic Survey

VOL. LIII

No 41

11-Oct-2010

REGIONAL

IFC Invests In Growth Fund For Turkey And The MENA Region

The International Finance Corporation (IFC), a member of the World Bank Group, has announced that it is investing $20mn in the Intaj Capital II fund, targeting businesses in the Middle East, North Africa and Turkey. The $300mn fund is sponsored and advised by Swicorp KSA, a Saudi financial advisory firm, and will seek to invest in businesses from a range of sectors to...