Abu Dhabi's International Petroleum Investment Co (IPIC) will look at investments in agriculture and industry, it said on Tuesday, as the government fund looks to diversify its investment portfolio.
IPIC, whose current investments include major stakes in Austrian oil group OMV and Spain's Cepsa , has embarked on an aggressive acquisition drive in the hydrocarbons sector in recent years.
But Abu Dhabi, capital of the United Arab Emirates, is also investing billions of dollars in infrastructure, real estate and tourism to diversify its economy.
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