Argan Infrastructure Fund LLC PCC (ARIF)

Equity : November 2011

BIO has invested € 6 M in equity in the Argan Infrastructure Fund LLC, an infrastructure fund focused on the MENA region.

Amount

€ 6,000,000.00

Type of investment

Equity

Development impacts

Local economic growth
Access to basic services & goods

Beneficiary locations

Middle East & North Africa: Algeria, Egypt, Morocco, Tunisia

Investment field

Investment Companies & Funds

Activity

Infrastructure Fund

Organisation

Argan Infrastructure Fund LLC PCC (ARIF)

Domicile

Mauritius

The Fund will invest in infrastructure as well as infrastructure-linked industrial projects in Africa with a focus on Morocco.

The targeted sectors will be energy, transport and logistics, environment, industry and telecom. Investments will amount to on average € 10 million in North-Africa and € 5 million in Sub-Saharan Africa. For larger infrastructure projects, the Fund will invest alongside co-investors, amongst which the investors in the Fund.

The Investment Advisor of the Fund Moroccan based Infra Invest. The Fund is an initiative of Infra Invest, the Investment fund management arm of the privately-owned Moroccan insurance company RMA (part of the FinanceCom group).

Development impacts

Local economic growth
The investments done by the Fund will have a major impact on job creation as the projects and companies will need more workers to manage their expansion.
Access to basic services & goods
Reliable infrastructure plays a vital role in the sustainable development of emerging countries as it; Increases access of the population to basic needs such as power, water, mobility and technology; with a specific focus on solar energy

Made possible through this investment

Thanks to the direct funding from BIO, the following second-line investments have been made possible.

Acwa Power Khalladi

Morocco

Energy - Wind

Mass Céréales Al Maghreb

Morocco

Transport & Logistics - Storage Terminal

Tekcim

Morocco

Manufacturing & Services - Cement

TransCentury Limited

Manufacturing & Services - Engineering

View more of our investments in this region

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Cathay Africinvest Innovation Fund

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Enda Tamweel

365,916.96

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Financial Institutions

The Currency Exchange Fund n.v.

7,091,000.00

Bangladesh, Cambodia, India, Indonesia, Myanmar, Nepal, Pakistan, Philippines, Sri Lanka, Vietnam, Bolivia, Brazil, Colombia, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Paraguay, Peru, Algeria, Egypt, Iraq, Jordan, Lebanon, Morocco, Syria, Tunisia, Palestinian Territories, Benin, Burkina Faso, Burundi, Cameroon, Côte d'Ivoire, Democratic Republic of Congo, Ethiopia, Ghana, Guinea, Kenya, Madagascar, Malawi, Mali, Mozambique, Niger, Nigeria, Rwanda, Senegal, South Africa, Tanzania, Uganda, Zambia

05/09/2007

Equity