Alexandria International Container Terminal Company, SAE

In April 2008, MENA Infrastructure Fund acquired a minority stake in Alexandria International Container Terminals SAE ("AICT"). AICT is a part of the Hutchison Port Holdings' (HPH) global network of container terminals. HPH is the leading independent port developer and operator in the world with 47 ports in 24 countries and handling 66.3 million twenty-feet equivalent unit containers (TEUs) in 2007. In its short operating history, AICT has established itself as the preferred terminal operator by achieving high levels of operating efficiency and customer satisfaction.

United Power Company, SAOG

In June 2009, MENA Infrastructure Fund acquired a 32.8% stake in United Power Company SAOG (UPC) from French energy giant, GDF Suez. UPC owns and operates a 270 megawatt power station in Manah, 180km south west of Muscat, capital of the Sultanate of Oman. It was the first independent power project to be developed in the Middle East with private sector participation. It also includes the associated transmission line linking the power plant to the outskirts of Muscat.

UPC was established in 1995 and started operations in 1996. Its initial capacity of 85 MW was expanded in 2000 by addition of two open cycle gas turbines and other auxiliary facilities. The project has been implemented and operated under a Build-Own-Operate-Transfer (“BOOT”) scheme, wherein UPC is responsible for building and operating the plant up to 2020.

UPC is listed on the Muscat Securities Market, with 40% of its equity capital being publicly traded.