Current Affairs

Abu Dhabi Investment Authority to invest in NIIF

India's The National Investment and Infrastructure Fund has signed an investment agreement worth $1 billion with a wholly owned unit of the Abu Dhabi Investment Authority (ADIA).

  • ADIA will become the first institutional investor in NIIF’s Master Fund and a shareholder in National Investment and Infrastructure Ltd
  • The corpus of the fund is proposed to be around Rs40,000 crore
  • NIIF is planning to invest in areas such as energy, transportation, housing, water, waste management and other infrastructure-related sectors in India.

NIIF

  • National Investment and Infrastructure Fund was set up in 2015.
  • It is an investment vehicle for funding commercially viable greenfield, brownfield and stalled projects in the infrastructure sector.
  • It plays an important role in facilitating the flow of foreign capital into India’s infrastructure sector. 

ADIA

  • The Abu Dhabi Investment Authority is a sovereign wealth fund owned by Emirate of Abu Dhabi
  •  It manages the Emirate’s excess oil reserves
  • It was founded in 1976
  • Sheikh Khalifa bin Zayed Al Nahyan is the Chairman of ADIA
Abu Dhabi Investment Authority to invest in NIIF Abu Dhabi Investment Authority to invest in NIIF Reviewed by insiya yadav on October 17, 2017 Rating: 5

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