Israel Infrastructure Partners has launched $350 million fund to upgrade infrastructure.
The funds will be directed towards building new or upgrading existing infrastructure in the defense, communications, energy, power and renewables, transportation, utilities and water industries.
Israel Infrastructure Partners will use the fund to attract foreign investments in the Middle-eastern country.
Shalom Mizrahi Adv., managing partner, said: “Our goal is to achieve returns through the investment and operational improvement of infrastructure assets, which are important to the functioning of Israel's economy. We look to use these investments to generate current income and capital appreciation for our investors.”
The launch of the fund follows Israel lacking adequate traditional public funding to enhance its infrastructure resulting in a weakened economy.
The demand for private capital towards infrastructure is very high in Israel especially towards all parts of the energy supply chain and a wide array of public services such as roads, railways, airports, and communications networks, which have become outdated.