State-owned Abu Dhabi Investment Company (ADIC) said yesterday it is diversifying investments into South Korea and Asia as it seeks also to attract inward investment.
ADIC, Korea Development Bank (KDB) and the Korea Trade Promotion Agency (KOTRA) signed an agreement to help increase investment flows between South Korea and the Middle East and the North Africa region, ADIC said in a statement.
The agreement lays the groundwork for cooperation in many areas, including cross-border mergers and acquisitions, private equity, infrastructure and portfolio equity investment.
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