Bloomberg News

Abu Dhabi Fund to Invest Up to $270 Million in 2012, Chief Says

November 30, 2011

Nov. 30 (Bloomberg) -- Abu Dhabi Fund for Development, which has offered 13 billion dirhams ($3.5 billion) since 1971 in loans and grants to developing countries, will invest 700 million dirhams to 1 billion dirhams in 2012, the director general said.

“We want to go to Latin America next year, where we don’t have any presence, and invest in infrastructure, power, transportation,” Mohammed Saif al-Suwaidi said in an interview in Abu Dhabi today. “Also because of the Arab Spring, a lot of our money will stay in the region.”

--Editors: Tim Farrand, Peter Woodifield

To contact the reporter on this story: Ayesha Daya in Dubai at adaya1@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net


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