FINANCIAL NEWS

UAE, China to enhance business ties at USD 10bn

13 Apr 2016

(MENAFN) The UAE will grow the size of its USD 10bn combined investment fund established Dec last year with China.

Moreover, the investment between both sides will focus on direct equity investments, mainly in the UAE and China.

“The fund is currently in its initial stages. His Highness has announced USD10bn but at this stage His Highness has instructed to increase the fund,” said UAE Director of Eco Affairs.

In addition, the fund will target joined strategic sectors like conventional and renewable energy, infrastructure and technology.

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