More UAE funds for Indian development projects

The UAE-India ties have entered an exciting era of growth and both nations are on track to significantly reinforce two-way investments through multiple channels and new areas of collaboration, the Indian envoy to the UAE said on Tuesday.

The size of investments from the UAE in India is estimated to be around $10 billion, including foreign direct investment of $5 billion. According to estimates by reliable Indian business sources, the size of investments in the UAE by Indians could exceed $80 billion, including billions invested in the real estate sector.

“Today, we are cooperating across a wide spectrum of areas, including such strategic areas as space and defense. Both countries are all set to leverage on mutual strengths and create synergies to help achieve their respective national economic visions,” said the ambassador.

Source Credit: Khaleej Times
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