Invest AD may buy mining rights in Africa to tap future demand for commodities generated by the expansion of China’s economy.
The investment fund, owned by the Abu Dhabi Government, has been looking at concessions in central Africa among other potential opportunities overseas as it seeks to transform itself into a viable commercial company, the firm’s chief executive said.
Africa is to be a major focus for Invest AD in the future and an African stock fund was among four equities funds the firm launched this year.
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