Abu Dhabi conglomerate IHC and the global investment organization of the United States, the U.S. Development Finance Corporation, have agreed with the aim of investing together in the emerging and frontier markets.
The historic agreement, which can be regarded as a significant endeavor to promote the foreign policy agenda of President Donald Trump and also enhance the bilateral relations between the UAE and the US, aims at deploying capital on a large scale to fund big projects around the world and to run assets in major markets.
The critical minerals, energy, logistics, healthcare, food security, and information, communication, and technology (ICT) are the targeted areas to make investments.
The two organizations will collaborate in identifying, underwriting, and implementing investments. They are supposed to carry out projects in other markets beyond the US, such as those that complement key global trade and connectivity zones.
DFC Head of Investments, Conor Coleman, said, “Our goal is to jointly deploy capital quickly and strategically for the benefit of the UAE and the United States.”
DFC CEO Ben Black added, “DFC’s work with IHC is a crucial step in executing President Trump’s foreign policy vision and deepens the US-UAE bilateral relationship.”
CEO of IHC, Syed Basar Shueb, stated that the partnership, the IHC and DFC, would implement “transformational investments” in key industries.
