The Abu Dhabi Commercial Bank ADCB and Macquarie Group Ltd out of Australia are raising funds for a billion dollar partnership aimed at infrastructure development in the United Arab Emirates, Middle East and even North Africa. The ADCB Macquarie Infrastructure Fund will provide a Abu Dhabi and Australia developers with “a strong pipeline of investment opportunities” ** said Eissa al Suwaidi, ABCD’s Chairman.

This private fund will be providing capital for public infrastructure such as roads, water, gas, etc.. Abu Dhabi and Macquarie Group have been working together since 1995 when they originally formed a joint venture.

Source: http://www.bloomberg.com/apps/news?pid=20601081&sid=ar3U3C0IEETQ&refer=australia