Abu Dhabi has showcased more than 600 projects worth over $55 billion, covering housing, transport, education and agricultural assets, to Turkish investors at Ankara.
The roadshow by the Abu Dhabi Infrastructure Summit (ADIS) aims to highlight opportunities for cooperation and to build long-term partnerships with Turkish companies, particularly in modular construction, transport, and complex engineering developments.
Mohammed Yousef Al Hosani, Executive Director at the Abu Dhabi Projects and Infrastructure Centre, highlighted the essential role of public-private partnerships (PPPs) and revealed that the capital city plans to use modular construction for 40,000 housing units over five years, creating opportunities for Turkish expertise.
Organised by the Abu Dhabi Projects and Infrastructure Centre (ADPIC), the summit includes the partnership of the Department of Municipalities and Transport, the Abu Dhabi Investment Office, and the Abu Dhabi Housing Authority, alongside leading Turkish engineering and contracting firms.
French luxury group LVMH has agreed to sell fashion brand Marc Jacobs to a joint venture between brand manager WHP Global and apparel company G-III Apparel Group, which are raising up to $850 million to fund the deal, the companies said on Thursday.
India on Thursday tightened rules for duty-free gold imports for jewellery exports by capping imports at 100 kg per licence, the government said in an order.
The US Senate on Wednesday voted to confirm Kevin Warsh as the chair of the Federal Reserve, paving the way for the lawyer, financier and former central-bank governor to take the reins of the Fed.
Dubai Taxi Company (DTC) has announced a major expansion deal, signing an agreement to acquire National Taxi, one of the UAE’s established taxi operators, in a transaction valued at AED 1.45 billion.