The Abu Dhabi Investment Authority (ADIA), a prominent sovereign wealth fund, has recently disclosed its plans to set up its billion-dollar base in the Gujarat International Finance Tec-City (GIFT City). This decision follows in the footsteps of other well-known banks such as DBS and Morgan Stanley.
This multi-billion dollar investment was announced jointly by the Indian Prime Minister, Narendra Modi, and the UAE President, Zayed Al Nahyan. This move is expected to significantly boost the Indian economy and strengthen the already strong ties between India and the UAE.
The announcement of the recent investment decision has caused great excitement throughout the financial industry, as both analysts and investors are eager to witness its potential impact on the global real estate market.
The partnership forged between the Abu Dhabi Investment Authority (ADIA) and Gujarat International Finance Tec-City (GIFT City) holds the promise of revolutionizing India's financial sector and establishing GIFT City as a leading financial hub on an international level. This development can create significant economic growth and prosperity for the region while positioning India as a formidable player in the global financial arena.
The Abu Dhabi Investment Authority (ADIA) is a mammoth sovereign wealth fund owned by the Emirate of Abu Dhabi, the capital of the United Arab Emirates (UAE).
With assets worth approximately $853 billion, ADIA is known for its diverse portfolio, which includes investments in equities, fixed income, real estate, and other alternative assets. Its conservative yet strategic approach to investments has earned it a reputation as a reliable and formidable player in the financial world.
ADIA's decision to set up its base at GIFT City is a testament to India's growing prominence in the global economic landscape. GIFT City, located in Gujarat, India, was envisioned as a cutting-edge financial center to attract foreign investments and foster financial innovation within the country.
The presence of ADIA within its premises is poised to add substantial credibility to GIFT City's ambitions and attract more financial institutions and investors to the region.
GIFT City: The Rising Star in India's Financial Sky
GIFT City, which was established in 2007, is India's first operational smart city and International Financial Services Center (IFSC). The city brags world-class infrastructure, a business-friendly regulatory environment, and tax incentives, making it an attractive destination for foreign investors seeking to access the Indian market.
The city's strategic location in Gujarat, one of India's fastest-growing states, further bolsters its appeal. Gujarat's strong industrial base, entrepreneurial culture, and investor-friendly policies have contributed significantly to the state's economic growth, attracting investments from both domestic and international players.
Impact on Ahmedabad’s Real Estate Market
The ADIA’s investment decision to establish its base at GIFT City has just enhanced the reputation of Gujarat’s GIFT City and given us one more reason to trust the amazing development process of GIFT City and the far-reaching impacts it will have on Gujarat’s real estate market.
As one of the largest investors in the world, ADIA’s decision to invest in India is likely to attract more greatest interest from other sovereign wealth funds, banking institutes, multinational companies, and institutional investors.
As a result, such wealthy investments could drive up commercial property prices in the GIFT City and other areas in its vicinity, making it a lucrative opportunity for real estate developers and investors.
Moreover, GIFT City’s rise as a leading financial hub in India could also lead to a surge in demand for office space for sale, retail spaces, residential spaces, institutional spaces and hospitality establishments. The increased surge in demand that too coupled with limited supply in the region may lead to a surge in property prices, creating attractive investment opportunities for those looking to capitalize on the growth potential of the real estate market in Gujarat.
Concluding Words
ADIA’s investment decision to establish its billion dollar base at Gujarat’s GIFT City marks a remarkable occasion for both the Indian and global financial landscape, along with the Indian real estate sector. GIFT City’s emergence as a major international financial hub is likely to boost the number of foreign investments and stimulate economic growth in Gujarat and India.
According to valuable insights from RES Management’s real estate consultants, ADIA’s arrival at GIFT City promises to be a game-changer for the real estate market, opening up new venues of growth and opportunities for both investors and realtors. As the world watches GIFT City’s transformation, it is evident that the city’s bright future lies ahead, firmly cementing its position as a financial force to be reckoned with. Get in touch with us, experience the best commercial space and invest in the best financial hub.
With this, ADIA will become the first sovereign wealth fund
sovereign wealth fund
A sovereign wealth fund (SWF), sovereign investment fund, or social wealth fund is a state-owned investment fund that invests in real and financial assets such as stocks, bonds, real estate, precious metals, or in alternative investments such as private equity fund or hedge funds.
https://en.wikipedia.org › wiki › Sovereign_wealth_fund
to set up base in the tax-neutral finance hub. It is pertinent to note that the GIFT City route will allow the investment giant to invest in Indian startups, debt securities, and both Indian and foreign equities.
The largest sovereign wealth fund in the UAE, ADIA has been given the green light to operate through the tax-neutral finance hub of GIFT City in the state of Gujarat.
Feb 7 (Reuters) - Abu Dhabi Investment Authority (ADIA), the largest sovereign wealth fund in the United Arab Emirates (UAE), is setting up a $4-5 billion fund to invest in India through a tax-neutral finance hub in Prime Minister Narendra Modi's home state of Gujarat, according to two sources with direct knowledge of ...
Current Assets for ADIA is $993,000,000,000 and SWFI has 74 periods of historical assets, 50 subsidiaries, 77 Opportunities/RFPs, 424 personal contacts available for CSV Export.
Norway's sovereign wealth fund, the world's largest, was established in the 1990s to invest the surplus revenues of the country's oil and gas sector. To date, the fund has put money in more than 8,500 companies in 70 countries around the world.
Total FDI inflows in the country in the FY 2023-24 is $17.96 Bn and total FDI equity inflows stands at $11.54 Bn. Mauritius (26%), Singapore (23%), USA (9%), Netherland (7%) and Japan (6%) emerge as top 5 countries for FDI equity inflows into India FY 2023-24.
“The prime residential assets continue to be the mainstream investment avenue for ultra-wealthy individuals in the country. Indian ultra wealthy are gravitating towards ESG oriented strategies for investments in commercial real estate.
The main investors are the United Kingdom, India, the United States, France and Saudi Arabia. According to data by fDi Markets, Dubai remained the top global destination for attracting greenfield FDI projects, with a total of 511 projects recorded in H1 2023 (6.8% of the global share).
The Abu Dhabi Investment Authority (Arabic: جهاز أبوظبي للاستثمار, ADIA) is a sovereign wealth fund owned by the Emirate of Abu Dhabi in the United Arab Emirates, founded to invest funds on behalf of the Government of Abu Dhabi. It manages the emirate's excess oil reserves and is estimated to manage $853 billion.
Management of ADIA is vested in ADIA's Board of Directors, which comprises a Chairman, Deputy Chairman, Managing Director and Board members who are appointed by a decree of the Ruler of the Emirate of Abu Dhabi.
Under the UAE Constitution, the natural resources and wealth of the Emirate of Abu Dhabi are the public property of Abu Dhabi. The Government of the Emirate of Abu Dhabi provides ADIA with funds that are allocated for investment and surplus to its budgetary requirements and its other funding commitments.
Unlike ADIA's mandate to build and manage a financial portfolio, Mubadala's charge was to develop Abu Dhabi. According to some observers, ADIA was a "sovereign savings fund," while Mubadala was a government-owned investment firm.
Emirates (Arabic: طَيَران الإمارات DMG: Ṭayarān Al-Imārāt) is one of the two flag carriers of the United Arab Emirates (the other being Etihad Airways). Based in Garhoud, Dubai, the airline is a subsidiary of The Emirates Group, which is owned by the government of Dubai's Investment Corporation of Dubai.
DUBAI, 10th March, 2018 (WAM) -- Khalid bin Kalban, Managing Director and CEO of Dubai Investments, has won the Leadership Award, conferred by the Pakistani Executives Organisation for Promotion of Leadership and Entrepreneurship, PEOPLE.
Here is the list of top countries from where India is receiving highest FDI. Singapore is ranked one FDI provider to India. The small island nation has invested $15.9 billion in FY22 which is accounted for 27 per cent of India's total FDI received.
In financial year 2023, Singapore accounted for the highest FDI equity inflow to India, which was valued at over 17 billion U.S. dollars, followed by the Mauritius with over six billion dollars.
As per data shared by Veliyath, the AUMs of India's top fund houses rank even below the top 10 AMCs based in US. SBI MF commands an AUM of $86 billion, compared to Blackrock's AUM which stands at $9,800 billion. The AUM of ICICI Prudential MF stands at $58 billion and that of HDFC MF is $53 billion.
In the fiscal year 2022-23, Singapore was the largest investor in india, with investments worth $17.2 billion. The Southeast Asian city-state was followed by the island nation of Mauritius, which sent $6.1 billion in investments. The third place was taken by the United States with $6 billion worth of investments.
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