GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Banking and Investments

 
  Share

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 : GoDubai Editorial Team
Viewed 6972 times
Posted on : Tuesday, January 10, 2017  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : ADNEC Names EDIC, Tawazun Holding and ADSB Partners at IDEX and NAVDEX 2017
Next Story : Digitisation is becoming the most common trend among MENA businesses, says new Canon study
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
du Distributes Eid Gifts at Al Jalila Children's Hospital
Al-Futtaim ACE celebrates Eid with exciting offers and activities
Marchon Eyewear Summer 2018 Collections
24 hour Mega Sale at Dalma Mall!
GUESS Trend Alert | The Summer Blues
Hair Rituel by Sisley Now available at Paris Gallery
Splash's ‘Life After Fashion' Campaign Breathes New Life into Old Garments
Beautiful Freaks
Alfahim Announces New Three-year Partnership With UAE Triathlon Federation
Danube Properties launches Dh550 million Lawnz project at International City, ad...
Boss watches presents Master Collection
Samsung Introduces Sunrise Gold and Coral Blue Editions for the Galaxy S9 and S9+
UAE Team Emirates Blend Youth and Experience as They Announce Line-up for Italia...
Back to the 90s with GUESS Originals
Liali Jewellery gets the Capillary Technologies boost to enhance customer engagement
RAYMOND WEIL Freelancer ACDC Limited Edition
Shop and earn Skywards Miles at The Dubai Mall
The Timekeeping Starts Now!
The Rado True Open Heart Automatic
Kitchen Design from a Single Source: GROHE Sets Holistic Design Accents with Its...
What's better than a good breakfast on your Birthday? One that is free!
Nikai Group supports Al Noor Centre with assistive technology devices
Tommy Hilfiger introduces latest SS18 women's watch collection
Keep cool with Marks & Spencer's linen collection
Realty exhibition brings plethora of investment opportunities for expat Indians
Skyline Suhoor Night 2018
TAG Heuer celebrates the 50th anniversary of the Gulf victory in the 24 Hours of...
Dubai Tourism Launches State-of-the-art Airport Installation to Inspire Dxb Tran...
The 22nd edition of Indian Property Show to take place in Dubai from 21-23 June 2018
Maserati joins Cash & Rocket Tour 2018
Eberhard & Co. Scafograf Black Sheep
Learn to enhance your body and home energy quotient
EU Reinforces Position at the Forefront of Global Energy Transformation, Says IRENA
Fatima Bint Hazza Inaugurates Abu Dhabi Ladies' Club
Al Maya Group welcoming the Dh.50 billion stimulus package announced by Government
Saint Honore Allure Lady-Charming colour
Make a style statement on your wrist
Sharjah's Economic Realities Focal Point of Statistics and Community Development...
Orolia Awarded $34 Million Contract to Deliver Personnel Recovery Devices to the...
KHDA accredited Parent Education Courses equip parents with positive parenting tools
Up to 90% Off: Abu Dhabi 24-hour Mega Sale Kick Offs Friday at 10am
Abu Dhabi International Airport Achieves Sustainability Milestone
Winning Wednesday: UAE Team Emirates Celebrate Two Podiums in Two Races
Emirates Motor Company wins prestigious global award for outstanding customer se...
TAG Heuer back at the 24 Hours of Le Mans
Dubai Customs showcases its experience to Chinese delegates
A Fresh New Look to the World's Oldest Islamic Bank
Drive home in a Dodge RAM, dance with your favourite Looney Tunes stars and rev...
Hyperloop Transportation Technologies Signs Agreement for Commercial System in U...
Connected aircraft to save aviation industry $15 billion per year and 21.3 mill...