The European Bank for Reconstruction and Development (EBRD) is mulling making an equity investment of up to US$50 million to MENA Infrastructure Fund II LP.

The EBRD's proposed investment is expected to promote the more widespread private ownership of infrastructure projects in North Africa and Turkey. Furthermore, the bank's investment is also expected to promote infrastructure equity as an asset class in the aforementioned region.

The fund, which is targeting USD 500 million of capital commitments, will make equity and equity-related investments in both greenfield and brownfield infrastructure across the Middle East, North Africa and Turkey. It will have the same proven investment strategy as MENA Infrastructure Fund.

The specific countries MENA Infrastructure Fund II will look to invest in are: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, UAE,  Algeria, Egypt, Iraq, Jordan, Libya, Morocco, Tunisia, and Turkey.