Gulf Arab Investment Company, based in Abu Dhabi, and the Chinese company Green Harbor Investment (GHI) have signed a memorandum of understanding to establish an investment fund with an initial capital of $500 million. The signing ceremony was attended by representatives from both companies. Dr. Khalifa Saif Al-Muhairri, Chairman of the Board of Directors of Gulf Arab Investment Group, and Zhi De Liu, Chairwoman of the Board of Directors of Green Harbor Investment, took part in the event. Dr. Khalifa Saif Al-Muhairri stated that the signing of the memorandum will open new horizons for joint cooperation. The fund will focus on public offering projects locally and globally, giving priority to sectors such as advanced technology, artificial intelligence, and robotics.
Abu Dhabi and China Establish $500M Investment Fund
An Abu Dhabi-based company and a Chinese firm have signed an MoU to establish a $500 million investment fund focusing on technology, AI, and robotics.