DP World and India's NIIF to invest up to $3bln in transport, logistics | ZAWYA MENA Edition:
"Dubai-based ports operator DP World DPW.DI and India's National Investment and Infrastructure Fund (NIIF), a quasi sovereign wealth fund, said on Monday they had created a fund to invest up to $3 billion of equity in the transport and logistics sectors in India. The money will target acquiring assets and developing projects in sea and river ports, freight corridors, special economic zones, inland container terminals, and logistics infrastructure such as cold storage, the two organisations said. It follows NIIF in October signing a $1 billion investment deal with another United Arab Emirates-based player, a unit of Abu Dhabi Investment Authority, one of the largest sovereign wealth funds in the world."
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