US agency plans 150M investment in Mideast fund

first_img Construction begins on Chandler hospital expansion project Top Stories OPIC and Abraaj said in a statement late Sunday that the Abraaj-managed Riyada Enterprise Development Growth Capital Fund aims to help businesses across the Middle East and North Africa, with Egypt as one of the main targets. It is expected to ultimately have a capitalization of $400 million.OPIC uses private capital to promote development and helps businesses break into emerging markets.(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.) Mary Coyle ice cream to reopen in central Phoenix Four benefits of having a wireless security system Former Arizona Rep. Don Shooter shows health improvement Comments   Share   last_img read more