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 email@example.com
To contact the editor responsible for this story: Stephen Voss at firstname.lastname@example.org