Antin Infrastructure Partners announces $2.5B investment to improve infrastructure in Africa
Posted On July 11, 2021
Antin Technologies, a subsidiary of Antin Corp., said Tuesday that it has entered into a definitive agreement to invest $2 billion in the Antin infrastructure group.
Antin Technologies will be the lead provider of infrastructure solutions to a number of African governments, including the government of Mozambique and the government in Equatorial Guinea.
The Antin group also will have the capacity to build the first African-designed infrastructure to handle heavy transport in the United States, which the Antins group already has built for U.S. government use.
The investment is part of Antini’s strategic plan to expand its global footprint by bringing Antin’s advanced systems to African governments.
Antini was founded in 2014 by billionaire entrepreneur Anwar Ali and his wife, Nadeem.
The company has over 1,000 employees in over 30 countries and has $3.5 billion in sales.
The group has developed technologies that include water management systems, water supply and sanitation systems, and energy systems for power generation.
Antinia was founded by Ali’s son-in-law, Ramin Shahid.