UAE’s ADQ to invest $10 billion in projects with Egypt, Jordan – WAM
(Reuters) -Abu Dhabi state holding agency ADQ will allocate $10 billion in funding for initiatives with Egypt and Jordan, the United Arab Emirates’ state information company WAM reported on Sunday, citing the Business and Superior Expertise Minister Sultan Al Jaber.
ADQ has develop into the main car for outbound investments from Abu Dhabi, managing about $110 billion in property, in accordance with International SWF. It acquired a forty five% stake in commodities dealer Louis Dreyfus Co (LDC) in 2021.
The partnerships will deal with areas of mutual curiosity together with agriculture, prescription drugs, minerals, petrochemicals and textiles, state information company (MENA) reported in a separate assertion on Sunday.
(Reporting by Nayera Abdallah and Moataz MohamedEditing by Emelia Sithole-Matarise and Mark Potter)
