Financing for the second phase of Industrial City of Abu Dhabi (ICAD) will be provided by a Dh500 million infrastructure development fund, recently finalized by the Abu Dhabi Commercial Bank (ADCB).
The new fund, according to Khaleej Times, is under the public private partnership (PPP) concept, and in association with the Government of Abu Dhabi.
Chief Executive Officer of ADCB Eirvin Knox stated that “ADCB is acting as a financial adviser to the Abu Dhabi government on developing the ICAD-II project.”
