PIF to become major investor in Gulf infrastructure fund: sources

The Public Investment Fund (PIF) will become a major investor in a new $800 million infrastructure fund in the GCC, set up by Aberdeen Standard Investments and Investcorp, Financial Times reported, citing informed sources.

Investcorp is putting the final touches on the first closing of the infrastructure fund at $250 million, which is expected to be announced next week, the sources said.

PIF will be a major investor in the new fund, along with a large Asian institution.

The “Aberdeen Investcorp” fund is expected to invest in social infrastructure projects in the GCC, including healthcare, education, housing, water and digitization.