• The United Arab Emirates (UAE) is set to look for fresh investment opportunities in India, building on the booming trade between the two countries, which has zoomed to 67 billion dollars last year.
  • Sheikh Hamed bin Zayed Al Nahyan, the head of the Abu Dhabi Investment Authority (ADIA), will arrive in New Delhi on a five day visit to India, which will also take him to Mumbai and Bengaluru.
  • With an eye on possible tie- ups with the private sector, the visitors from the oil rich Gulf-nation will hold meetings organised in New Delhi by the Federation of Indian Chambers of Commerce and Industry (FICCI), while the Confederation of Indian Industry (CII) has organised business meetings for the visiting delegation in Mumbai.
  • In Bengaluru, where the Information Technology sector will be in focus, Sheikh Hamed will be hosted by the External Affairs Minister, S.M. Krishna.
  • Diplomatic sources said that UAE is focusing hard on India, as business opportunities dry up in the West, on account of the global economic downturn. 
  • Major UAE investing companies are ADIA, Taqa, Dubai Ports World, EMAAR, Etisalat, TECOM, RAK Ceramics and RAK Investment Authority.