Injecting a major booster to infrastructure financing in the country, UAE in a recent decision has committed to invest a staggering sum of $75 billion and in this connection, the joint working group formed for the purpose, is currently finalizing procedural details for investment into National Investment and Infrastructure Fund (NIIF). In this connection, the UAE had signed a Memorandum of Understanding (MoU) in 2016 to explore opportunities for mobilization of long-term investment through the NIIF. The fund will support rapid expansion of next-generation infrastructure, especially in railways, ports, roads, airports, and industrial corridors, SEZs, and hi-tech parks.
📅Published on:
07 January 2017
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