Abu Dhabi's International Holding Company is placing India at the core of its global investment strategy while cautiously expanding its footprint in Europe, chief executive Syed Basar Shueb has said.
The chief of the UAE's biggest company by market capitalisation offered a more optimistic assessment of European opportunities than those presented by US President Donald Trump at the World Economic Forum in Davos.
Mr Shueb told The National that India represents a long-term priority for the Abu Dhabi-listed conglomerate, targeting over $100 billion over a five-year investment plan which is already in place.
“We are pretty significantly investing in India,” Mr Shueb said on Friday at Davos.
IHC's chief executive Syed Basar Shueb speaks to The National's Manus Cranny at Davos.
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