Bahrain-based Gulf Finance House (GFH) has raised more than $630 million to fund the development of its Energy City in India, its most successful fund-raising exercise to date.

The cash was raised from GCC investors and GFH is now looking for further opportunities in the booming Indian economy.

"The success of the exercise to raise equity for Energy City India underscores the strong appetite of our clients for opportunities there as well as the success of our Energy City Qatar project," said GFH chairman Esam Janahi. - TradeArabia News Service