S.Korea Signs Investment MOU with Abu Dhabi Investment Firm

Write : 2012-05-08 14:30:50 Update : 2012-05-08 17:35:18

S.Korea Signs Investment MOU with Abu Dhabi Investment Firm

South Korea has signed a memorandum of understanding with an Abu Dhabi-based investment company named “Invest AD” on joint investments in other countries.

Invest AD is a sovereign wealth fund worth 520 million U.S. dollars that is owned by the Abu Dhabi government and invests in 30 Middle Eastern and African nations.

In line with the memorandum, South Korea’s Ministry of Land, Transport and Maritime Affairs and the company will meet twice a year to discuss joint investment projects in Africa and the Middle East.

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