The Briefing

Weekly business & investment updates curated for you.

Erbil Rotana

India — American Tower Corp. has committed to invest $2 billion in India, in addition to the $879 million it will spend to acquire a controlling stake in Viom Networks Ltd.

Iran — Iran has currently $42.8 billion worth of unfinished water projects which it aims to finance by foreign investment and getting loans from the World Bank and the Islamic Development Bank.

Iran — Iran needs $55 billion of investment in the petrochemicals sector in the next 10 years. The country is also seeking $2.5 billion investment to modernise its oil tankers fleet.

Kuwait — Kuwait to showcase its tourism offering at Arabian Travel Market (ATM) 2016, which will be held on April 25-28, as investment into the travel and tourism sector is forecasted to grow by 4.3% per annum over the next decade through to 2025, with a total investment figure of $1 billion.

Mexico — Ford Motor Co. will invest $1.6 billion on a new small-car factory in Mexico.

Renewables — Google announced that the company is funding the Center for Resource Solutions in Taiwan in what the company hopes could be a first step toward buying more renewable energy for its data centers in Asia.

Saudi Arabia — Saudi Arabia plans $2 trillion mega-fund for post-oil era.

Turkmenistan — An ambitious project to build a natural gas pipeline from Turkmenistan to Afghanistan, Pakistan and India has received $200 million in new investment.

UAE — Dubai, Abu Dhabi and Sharjah in the UAE have emerged as the region’s most popular investment destinations amongst GCC high net worth individuals.

Zambia — Commodity miner and trader Glencore's decision to invest in a new Zambian copper mines will spur economic growth to 5 percent in 2018, according to Moody's.

The Briefing

Weekly curated news, tips & opportunities for the global business community

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