UAE considering investment worth $50 billion in India
Image Credit: economic times
The United Arab Emirates (UAE) is contemplating an investment of up to $50 billion in India, as part of a larger strategy to capitalize on the world's fastest-growing major economy. Provisional commitments from the UAE to its second-largest trading ally could be announced early next year. These potential investments come after discussions between Indian PM Narendra Modi and UAE President Sheikh Mohammed bin Zayed in July. Both nations aim to boost non-oil bilateral trade to $100 billion.