Company news

DUBAI: Bahrain’s Arcapita Bank said on Saturday it will invest in utilities and other infrastructure with a state-owned Qatari firm that owns London’s Chelsea Barracks and is developing a $5.5 billion project in Qatar.

Arcapita, which owns Northern Ireland’s largest utility, Viridian Group Plc., will invest in a venture with Qatari Diar Real Estate Investment Co, one of the agencies the government of Qatar is using to acquire assets around the world.—Reuters

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