Invest AD eyes Chinese partners for joint MENA projects.

By bne IntelliNews January 26, 2010
UAE's investment company Invest AD is in talks with a number of Chinese investors for jointly investing in the MENA region in areas such as infrastructure and financial services, the company's CEO, Nazem Fawwaz Al Kudsi, said. a top executive said on Monday. China 's major state-owned investors include its $300 billion sovereign wealth fund China Investment Corp (CIC), the State Administration of Foreign Exchange and the National Social Security Fund. Invest AD, formerly known as the Abu Dhabi Investment Company (ADIC), invests on behalf of the Abu Dhabi Investment Council, Abu Dhabi 's second sovereign wealth fund after the Abu Dhabi Investment Authority.

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