AP inks pacts worth 3,150 cr at Dubai Expo
Andhra Pradesh has attracted several investments at the Expo 2020 Dubai with the signing of three important MoUs involving an investment of Rs 3.150 crore.
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Visakhapatnam/Vijayawada: Andhra Pradesh has attracted several investments at the Expo 2020 Dubai with the signing of three important MoUs involving an investment of Rs 3.150 crore.
The AP delegation is led by Minister for Commerce and IT Mekapati Goutham Reddy. He met Khaled Abdulla Jumaa Al Qubaisi, CEO, Real Estate and Infrastructure at Mubadala, along with his team. Projects where investments were sought include industrial infrastructure, renewable energy, Vizag Metro and ports.
Mubadala was keen to look at infrastructure projects in AP. A team from Mubadala will work with the AP Economic Development Board (APEDB) to look at the opportunities available.
In a tweet, YSRCP Parliamentary Party leader V Vijaya Sai Reddy said owing to the able leadership of Chief Minister YS Jagan Mohan Reddy, MoUs worth Rs 3,150 crore had been signed at Dubai. "We are very happy with the MoU signed by Tabreed, a company focused on district cooling solutions. Mubadala, a prominent investment company, already has significant investment in Tabreed," an aide of Goutham Reddy, told Bizz Buzz on Wednesday.
Tabreed Asia, is a subsidiary of Tabreed UAE, a leading district cooling utility company that provides energy efficient, cost effective and eco-friendly cooling solutions. The company delivers over 1.2 million refrigeration tonnes to major residential, commercial, government and private projects through its 86 plants.
APEDB and AGDM have agreed to cooperate and promote the economic and financial sector in India and to exchange views, information and expertise especially in banking, financial services based on the current amicable relationship existing between both parties. AGDM wants to support training activities that will develop human capital activities to strengthen the banking and financial sector of the State.
AGDM will help to develop a knowledge hub/financial think tank by imparting competitive skills in the financial market and executing the best practices in the world on pilot basis which helps to manage the State finances efficiently as well as to enhance the financial sector to thrive and grow.
