Up to USD 50 bn of Emirati investment heading to India? The UAE is looking to invest up to USD 50 bn in its second-largest trading partner, India, sources with knowledge of the matter told Bloomberg. The UAE is eyeing stakes in Indian infrastructure projects and state-owned assets, the sources said, adding that some of the agreements could involve Abu Dhabi wealth funds ADQ, the Abu Dhabi Investment Authority, and Mubadala Investment Company. Provisional agreements could be announced as soon as early next year, with investment to come in during 2H 2024.

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