💰The first investment agreement between NIIF and a wholly owned subsidiary of ADIA for $1 billion fund infusion Business Standard
With Abu Dhabi Investment Authority (ADIA) becoming the first investor in the National Investment and Infrastructure Fund (NIIF), monetisation of infrastructure projects, especially in the highway sector, is likely to gain pace.
The fund would also be playing an incubation role for companies that could take up projects under the central government’s smart city, green energy and cleanliness programmes.