Dubai PR Network, Online Press Release from Dubai and Middle East
 
Money, Business & Investments(Banking & Investments)
Filter PR by
  
African Infrastructure Assets a Key Target for Middle East Islamic Investors
 

Tuesday, January 10th  2017 - DUBAI, UAE:  Major infrastructure projects in the Middle East and across Sub-Saharan Africa are increasingly becoming a key investment target for Islamic investors, according to Project & Infrastructure Partner at Jones Day, Nadim Khan. 

Billions of US dollars’ worth of project capital from the growing Islamic economy is a potential source of investment for the type of mega infrastructure that underpins economic and social development across Sub-Saharan Africa. However, the legal and regulatory environments in key African nations will need to evolve to better accommodate the needs of Sharia investors. 

“Infrastructure is the driving force behind the emergence and continued growth of Africa’s major new economies. And in order to sustain their trajectory and realize their promise they will need to continue to attract significant levels of project capital to fund their development,” said Nadim Khan. 

“The Islamic investment community has the capital, and it has the desire to engage in projects that deliver clear social and economic benefits to people and shareholders,” continued Khan, “so to close this gap a more carefully structured regulatory environment that enables Sharia transactions is needed.”

Infrastructure spending in the sub-Saharan region is projected to grow by 10% a year over the next decade – exceeding $180  billion by 2025 while maintaining its 2% share of the global infrastructure market. Yet while countries such as Nigeria, Ghana, Kenya and South Africa continue to spend billions of dollars on transformational domestic infrastructure projects, the Islamic investment community is currently underrepresented.  

Two years ago, South Africa issued a US$500m 5.75-year Sukuk - the largest Sukuk issuance from Sub-Saharan Africa at the time and only the third Sukuk to be issued by a non-Islamic country. 

“South Africa’s successful Sukuk issuance is a demonstration of promise and precedence for Islamic investment in Sub-Saharan Africa,” continued Khan.
“What ultimately sets Islamic investors apart is the inherent requirement to deliver meaningful social impact through every transaction. This value-driven approach to investing underpins Islamic finance and makes every new road, transport project and power plant in a developing country ideal for such investors,” he concluded. 

The Islamic economy is set to grow at 8 per cent compound annual growth rate (CAGR), from US$1.9 trillion (Dh6.9 trillion) now, to US$3 trillion by 2021 and the sector doubled  in size from 2011 to 2015, making it more critical than ever to engage Islamic banks. 


Posted by : Dubai PR Network Editorial Team
Viewed 6643 times
PR Category : Banking & Investments
Posted on : Tuesday, January 10, 2017  5:40:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : ADNEC Names EDIC, Tawazun Holding and ADSB Partners at IDEX ...
Next Story : Digitisation is becoming the most common trend among MENA bu...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
AIGNER Love [21966-Views]
New Year, New Skincare! [16165-Views]
Signature Scents for Your Home [13402-Views]
Spring/Summer 18' Beauty Picks from Missha Cosmetics [11932-Views]
Mido's Baroncelli Prisma - A sparkling play of prisms enhanced by 51 diamonds' [8888-Views]
The Trésor Collection [8400-Views]
Malabar Gold & Diamonds strengthens its global position as a leading jewellery retailer wi... [7381-Views]
“12th Edition of SNF's Family Fun Fair” [7259-Views]
ESC's INDIASOFT to Bring Over 400 ICT Foreign Buyers To Bengaluru [7058-Views]
The Balmain de Balmain Moon Phase Collection - loves personalisation to the moon and back [6496-Views]
EUROSTAR presents seven global tech majors at CABSAT 2018 [6490-Views]
5 Different Types of Denim and How to Wear Them [6222-Views]
Nissan reaffirms importance of electrification at World Future Energy Summit [6027-Views]
Womenswear Preview and Showroom Connection: WHITE Man & Woman's Formula Bets on Quality [5972-Views]
Nissan and NASA extend research into autonomous mobility services [5911-Views]
Dubai Tour team line-up announced: 16 teams of seven riders at the start [5819-Views]
Defender Lives on: Land Rover Launches V8 Edition To Celebrate 70th Anniversary [5691-Views]
Tommy Hilfiger Announces Fall 2017 Watches Collection [5447-Views]
Sophie's Café brings all the goodness to Barsha Neighbourhood [5331-Views]
His Highness Sheikh Hasher bin Maktoum bin Juma Al Maktoum Visits du's Stand on Day One of... [5008-Views]
Dubai Outlet Mall celebrates DSF 2018 with amazing attractions for shoppers [4904-Views]
HH Sheikh Hasher Bin Maktoum Al Maktoum opens CABSAT 2018 [4831-Views]
Masdar unveils locally manufactured all-electric Eco-Bus at Abu Dhabi Sustainability Week... [4764-Views]
Seamaster Olympic Games Collection [4728-Views]
LG Electronics Earns CES 2018 Best TV Product Honors for LG AI OLED TV [4551-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories