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Abu Dhabi Investment Group to invest USD 100 bn in Brazil: Holding firm Abu Dhabi Investment Group (ADIG) is set to invest some USD 100 bn in infrastructure and agriculture production in Brazil, CEO Zayed Bin Rashid Bin Aweidha Al Qubaisi said, according to a press release. The announcement was made during his meeting with Brazilian President Luiz Inácio Lula da Silva in Rio de Janeiro.
The agreement follows the G20 Summit in Rio de Janeiro, where the UAE and Brazil signed an MoU to facilitate UAE investments in Brazil’s strategic sectors.
The details: ADIG aims to develop foundational infrastructure in Brazil across sectors like technology, aviation, and automobile manufacturing, Al Qubaisi said. Plans also include establishing a bank and launching agricultural projects on 400k sqm to support food security programs, he added.
ADIG has plenty of sustainable projects in the pipeline: “Our efforts span the financing of smart transportation systems, clean water networks, and green infrastructure, alongside driving digital transformation and modern technological advancements,” he said. The group also plans to create alternative housing solutions, including new model villages to relocate residents of informal settlements, he also said during the summit.
