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ADIA commits $1 billion to Indian infrastructure
Infrastructure is being constructed in Bengaluru, India.
abu dhabi - Abu Dhabi Investment Authority will become the first institutional investor in NIIF's Master Fund
As part of the agreement, the ADIA will become the first institutional investor in NIIF's Master Fund and a shareholder in National Investment and Infrastructure Limited, the NIIF's investment management company.
Sujoy Bose, CEO of NIIF, said: "This agreement marks the culmination of an extensive process of collaboration with ADIA to develop an investment structure that is attractive to international investors."
Khadem Al Rumaithi, executive director of the real estate and infrastructure department at ADIA, said: "The NIIF is set to play an important role in facilitating the flow of foreign capital into India's infrastructure sector." - Wam
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