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UAE wealth fund plans $4-5 bn investments through GIFT City
Mint Mumbai
|February 08, 2024
Abu Dhabi Investment Authority (ADIA), the largest sovereign wealth fund in the United Arab Emirates (UAE), is setting up a $4-5 billion fund to invest in India through a tax-neutral finance hub in Prime Minister Narendra Modi's home state of Gujarat, according to two persons with direct knowledge of the matter.
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The regulatory authority for financial services at Gujarat International Finance TecCity, or GIFT City, has granted in-principle approval to ADIA to set up the fund, the persons said, declining to be identified as they are not authorized to speak to media.
Cette histoire est tirée de l'édition February 08, 2024 de Mint Mumbai.
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